Industrialization and deindustrialization: an empirical analysis of some drivers of structural change in Brazil, 1947-2021
HUGO C. IASCO-PEREIRA,
PAULO CÉSAR MORCEIRO
Abstract:This article investigates the causes of structural change in Brazil, through the rise and the fall of the manufacturing industry, and the consequences for total factor productivity and manufacturing labour productivity, from 1947 to 2021. Our results show that the industrialization of the Brazilian productive structure is positively associated with expansions in infrastructure investments and with the pursuit of a competitive real exchange rate, that is, with policies oriented towards economic development. Our… Show more
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