This paper is devoted to a quantitative assessment of Brazil's long-term growth experience. The analysis herein shows that savings alone do not explain the growth slump after 1980. Our explanation centers on the evolution of the output-capital ratio and on changes in the relative price of...

This study aims to analyze the evolution of Brazilian agricultural production from the 1960s to now. We will summarize some of the main findings from the historical view of Brazilian agriculture development. The arguments should rest here on how technical change and the national system of...

Financial markets help to foster growth and productivity through their role in mobilizing savings to finance investment and production, selecting and monitoring investment projects, diversifying risks, and allowing investment and production to be carried out in the most productive scale and time...

This paper provides mathematically consistent calculations of the forward, backward, and total linkages in the Brazilian economy in 1975. Our results reveal, among other things, that: 1) high linkages cannot be exclusively associated with modern industrial sectors; 2) none of our linkage...

This paper, written as a tribute to Albert Hirschman's work and thought, deals with the patterns of structural change and financing economic growth in Brazil from 1950 to 1980. Special attention in given to the role of external finance and to the evolving forms of public sector intervention....

We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...