The Pattern of Economic Growth of the Brazilian Economy 1970–2005: A Demand-Led Growth Perspective

  • Fabio N. P. de Freitas
  • Esther Dweck


The present work analyses the pattern of economic growth prevailing in Brazil from 1970 to 2005. The analytical framework for this investigation is based on the classical supermultiplier demand-led growth model combined with the hypothesis that the balance of payments was the main potential (and often the most effective) constraint for the expansion of the Brazilian economy during the period in focus. We adopt a demand- led growth accounting methodology to analyse the Brazilian economy, based on a multi-source database compiled for this investigation.


Real Exchange Rate Current Account Deficit Labour Productivity Growth Wage Share External Sector 
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Authors and Affiliations

  • Fabio N. P. de Freitas
  • Esther Dweck

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