The Brazilian economy in the 21th centuryan analysis from the perspective of the Sraffian Supermultiplier model

Resumo

The purpose of this article is to contribute to the debate on the performance of the Brazilian economy in the 21st century, focusing on the period from 2011 to 2019 characterized by low growth rates. To that end, a growth decomposition is calculated based on the Sraffian Supermultiplier model, taking as the methodology adopted by Freitas and Dweck (2013) a reference and using the data from the System of National Accounts for the period from 2000 to 2019. Although this growth decomposition is not a test which aims to validate the Sraffian Supermultiplier model, the results suggest that the stylized facts of the Brazilian economy are in accordance with what is expected by the theoretical model. I also present some explanations from the heterodox field about the Brazilian economic performance during the last decade, demonstrating how each of these explanations can be compatible with the Supermultiplier model approach and analyze which were more important to explain the Brazilian economic performance during the period under analysis.

Ficha do documento

Tipo

Artigo científico

Ano

2023

Instituição

Universidade Estadual de Campinas

Fonte

Economia e Sociedade

Idioma

Português

Acesso

Não informado

Identificador

oai:ojs.periodicos.sbu.unicamp.br:article/8674527

Licença

https://creativecommons.org/licenses/by-nc/4.0

Abrangência

Brazil; Contemporary; Brasil, Contemporáneo; Brasil; Contemporâneo

Temas

Economia

Palavras-chave

Sraffian SupermultiplierAutonomous expendituresBrazilian economyMacroeconomic policyPolítica macroeconómicaEconómia BrasileñaGasto autónomoSupermultiplicador SraffianoGastos autônomosEconomia brasileira