A importância das elasticidades-renda das importações e das exportações para o crescimento econômico: uma aplicação do Modelo de Thirlwall ao caso brasileiro
- Authors
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Antonio Carlos de Campos
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Patrícia F. F. Arienti
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- Keywords:
- Crescimento econômico, Balança comercial
- Abstract
- The main purpose of this paper is to verify the impact that the deficit on the trade balance has had on the rates of economic growth in Brazil during the 90's. In this sense, the paper utilizes the McCombie & Thirlwalls model which relates the rates of economic growth with the elasticity-income of the imports and the exports. The empirical analysis led us to conclude that the elasticity-income of the imports has been larger than the exports, which implies that economic growth has not been sustainable only by the exports, external resources has been necessary in order to maintain the Balance of Payments stability. Besides, the validity of the model is confirmed, mainly by the behavior of the consumption imports, owed mainly to the type of specialization of the production of the country.
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- Issue
- Vol. 23 No. 2 (2002)
- Section
- Artigos
- License
- A remessa dos artigos à revista implica a cessão dos direitos autorais à FEE.