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dc.contributor.CRUESPUNIVERSIDADE DE ESTADUAL DE CAMPINASpt_BR; prates@unicamp.brpt_BR
dc.titleBrazilian Economic Performance Since The Emergence Of The Great Recession: The Effects Of Income Distribution On Consumptionen
dc.contributor.authorPhilip; Baltarpt_BR
dc.contributor.authorCarolina Troncoso; Pratespt_BR
dc.contributor.authorDaniela Magalhaespt_BR
unicamp.authorPrates, Daniela Magalhaes] Univ Estadual Campinas, Campinas, Brazilpt_BR[Arestis, Philip] Univ Cambridge, Cambridge CB2 1TN, Englandpt_BR[Arestis, Philip] Univ Basque Country, San Sebastian, Spainpt_BR[Baltar, Carolina Troncosopt_BR[Prates, Daniela Magalhaes] Natl Council Sci & Technol Dev CNPq, Brasilia, DF, Brazilpt_BR
dc.subjectIncome Distributionen
dc.description.abstractAfter a long period of unstable and low economic activity, Brazil achieved a relatively high economic growth with low inflation from 2004 to 2008, when the world scenario was favourable for the Brazilian trade balance. An incomes policy, focused on real increases in the minimum wage along with a credit boom, led to a decade of high consumption growth rates. High levels of consumption and exports, in turn, induced investment and stimulated manufacturing production, despite the real appreciation of the national currency. However, the Great Recession that emerged after the global financial crisis of 2007/2008 brought challenges to the Brazilian economic performance, with unpleasant consequences for the country's GDP growth. Consumption, investment and exports have decelerated, despite anti-cyclical macroeconomic policies. In this setting, manufacturing production stagnated and GDP growth slowed down substantially, while imports continued rising considerably. The aim of this paper is to provide an explanation to the slowdown of Brazilian growth rates after the Great Recession. The main hypothesis is that consumption was the main source of effective demand in the country since 2003. However, Brazil has not yet been able to sustain manufacturing and economic growth without a more active government policy to stimulate productive investment.en
dc.publisherSavez Ekonomista Vojvodinept_BR
dc.publisherNovi Sadpt_BR
dc.identifier.citationPanoeconomicus. Savez Ekonomista Vojvodine, v. 63, p. 157 - 174, 2016.pt_BR
dc.description.sponsorshipSao Paulo Research Foudation (FAPESP)pt_BR
dc.description.sponsorship1Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)pt_BR
dc.description.provenanceMade available in DSpace on 2017-11-13T13:20:31Z (GMT). No. of bitstreams: 1 000376213800002.pdf: 449144 bytes, checksum: 63e2721a53f14e2c462c4c4e4a383aac (MD5) Previous issue date: 2016en
dc.description.conferencenome12th International Conference on Developments in Economic Theory and Policypt_BR
dc.description.conferencedateJUN 25-26, 2015pt_BR
dc.description.conferencelocationBilbao, SPAINpt_BR
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