Long-term perspectives of Brazilian economy: an exploratory analysis

Vol. 18 No. 4 (1998)

Oct-Dec / 1998
Published October 1, 1998
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Ferreira, Pedro C. 1998. “Long-Term Perspectives of Brazilian Economy: An Exploratory Analysis”. Brazilian Journal of Political Economy 18 (4):533-60. https://doi.org/10.1590/0101-31571998-1270.

Long-term perspectives of Brazilian economy: an exploratory analysis

Pedro C. Ferreira
Da Escola de Pós-Graduação da Fundação Getúlio Vargas – EPGE-FGV, Rio de Janeiro/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 18 No. 4 (1998), Oct-Dec / 1998, Pages 533-560


This article uses Endogenous Growth Theory framework to examine long term
prospects of Brazilian economy. We study the behavior of those variables identified by theory
as central for development. The article argues that Brazil’s educational system performance
is poor even by Latin America standards. There are still too many market restrictions and
other barriers to trade and technology adoption. Infrastructure services and investments
are deficient and the tax system too concentrated and distorcive. Hence, while these factors
persist, it is not likely that the country will grow at sustainable rates comparable to those
experienced two decades ago. However, privatization of infrastructure sectors may spur a
temporary boom as investment increases to satisfy repressed demand.

JEL Classification: O41; E22.

Keywords: Endogenous growth mode human capital economic development investment