A economia brasileira no século XXI: uma análise a partir do modelo do Supermultiplicador Sraffiano
Abstract
The purpose of this paper is to contribute to the debate on the performance of the Brazilian economy in the 21st century, focusing on the period from 2001 to 2019 characterized by low growth rates. To do so, it is calculated a growth decomposition based on the Sraffian Supermultiplier model, taking as a reference the methodology adopted by Freitas and Dweck (2013) 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 heterodox interpretations on the Brazilian economic performance during the last decade, demonstrate how each of these interpretations can be compatible with the Supermultiplier model approach and analyze which was more important to explain the performance of the Brazilian economy during the period under analysis.
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