Brazilian business cycles and growth from 1850 to 2000

Author:

Araújo Eurilton1,Carpena Luciane2,Cunha Alexandre B.3

Affiliation:

1. IBMEC

2. BNDES; IBMEC/RJ

3. IBMEC/RJ

Abstract

We study the cyclical and growth properties of Brazilian per capita output from 1850 to 2000. We find that, contrary to some developed countries, Brazil did not experience large changes in the volatility of per capita output. However, we obtained evidence that the oscillations in economic activity became more persistent after World War II.

Publisher

FapUNIFESP (SciELO)

Subject

General Economics, Econometrics and Finance

Reference31 articles.

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5. Economic growth;BARRO Robert J.,1995

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