Show simple item record

dc.contributor.authorAlston, Lee J.
dc.contributor.authorMueller, Bernardo Pinheiro Machado
dc.contributor.authorMelo, Marcus André B. C. de
dc.contributor.authorPereira Filho, Carlos Eduardo Ferreira
dc.date.accessioned2017-12-26T14:13:58Z
dc.date.available2017-12-26T14:13:58Z
dc.date.issued2010-03
dc.identifier.urihttp://hdl.handle.net/10438/19495
dc.description.abstractThis paper explores the link between Brazil’s political institutions and its disappointing productivity and growth in recent decades. Although political institutions provide the president with incentives and the instruments to pursue monetary stability and fiscal discipline they simultaneously raise the costs of achieving those very objectives. The insulation of certain expenditures from presidential discretion necessitates the use of other policy options, such as high taxation levels and cuts in unprotected expenditures, which put a drag on productivity and growth. In a context of robust checks and balances and interest group fragmentation, a state overburdened by constitutional entitlements has resorted to massive increases in taxation. The resulting environment possesses both essential elements for sustainable economic growth and distortions that conspire against its realization. While some improvements in productivity and growth have occurred in the past decade, the pace has been slow and incremental.eng
dc.language.isoeng
dc.publisherInter-American Development Bank
dc.subjectProductivityeng
dc.subjectGrowtheng
dc.subjectInstitutionseng
dc.subjectBrazileng
dc.titleThe political economy of productivity in Brazileng
dc.typeWorking Papereng
dc.subject.areaEconomiapor
dc.contributor.unidadefgvDemais unidades::CEPESPpor
dc.subject.bibliodataFormulação de políticaspor
dc.subject.bibliodataBrasil - Política econômicapor
dc.subject.bibliodataProdutividade industrial - Brasilpor
dc.rights.accessRightsopenAccesseng


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record