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JournalISSN: 1809-4538

Revista de Economia Política 

About: Revista de Economia Política is an academic journal. The journal publishes majorly in the area(s): Exchange rate & Monetary policy. Over the lifetime, 607 publications have been published receiving 6117 citations.


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TL;DR: The Dutch disease is a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non profitable the production of tradable goods using technology in the state-of-the-art.
Abstract: The Dutch disease is a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non profitable the production of tradable goods using technology in the state-of-the-art. It is an obstacle to growth on the demand side, because it limits investment opportunities. The severity of the Dutch disease varies according to the extent of the Ricardian rents involved, i.e., according to the difference between two exchange rate equilibriums: the ‘current’ or market rate and the ‘industrial’ rate — the one that make viable efficient tradable industries. Its main symptoms, besides overvalued currency, are low rates of growth of the manufacturing industry, artificially high real wages, and unemployment. Its neutralization requires managing the exchange rate. The principal instrument for that is a sales or export tax on the commodities that give origin to the Dutch disease. In order to neutralize it policymakers face major political obstacles since it involves taxing exports and reducing wages. Finally, this papers argues that there is an extended concept of Dutch disease: besides having its origin in natural resources, it may arise from cheap labor provided that the ‘wage spread’ in the developing country is considerably larger than in the developed

274 citations

Journal ArticleDOI
TL;DR: In this paper, a theoretical discussion about the term de-industrialization and its relationship with other concepts such as "primarization" of exports and "Dutch disease" is presented, with a special attention over the economic literature about this issue.
Abstract: De-Industrialization: concept, causes, effects and the Brazilian case. This article aims to do a theoretical discussion about the term "de-industrialization" and its relationship with other concepts as "primarization" of exports and "Dutch disease". After that we will analyze the possible causes and effects of "de-industrialization". Finally, we analyze the Brazilian case, with a special attention over the economic literature about this issue.

174 citations

Journal ArticleDOI
TL;DR: The authors analyzes the theoretical concept of deindustrialization and evaluates if Brazil has suffered from a new Dutch disease, and concludes that despite the manufacturing sector declining participation in the Brazilian Gross Domestic Product (GDP), the empirical evidence show that the changes in the economy structure since the mid-1980s to the end of 2005 should not be described as deindustrialisation, since there was not evidence of either generalized reallocation of resources towards industries based on natural resources, or a pattern of export specialization in goods based on technologies or even on labor.
Abstract: Are There evidences of deindustrialization in Brazil? This paper aims at analyzing the theoretical concept of deindustrialization, and evaluating if Brazil, following the implementation of economic reforms in the 1990´s, has suffered from a “new Dutch disease”. Despite the manufacturing sector declining participation in the Brazilian Gross Domestic Product (GDP), the empirical evidence show that the changes in the economy structure since the mid-1980’s to the end of 2005 should not be described as deindustrialization. Since there was not evidence of either generalized reallocation of resources towards industries based on natural resources, or a pattern of export specialization in goods technologically based on natural resources or even on labor, one cannot conclude that Brazil was infected by a “new Dutch disease”.

153 citations

Journal ArticleDOI
TL;DR: In this paper, the authors analyze the main theoretical trends and subjects that integrate the recent Brazilian debate about rural development, arguing that the agenda of the rural development in Brazil, on which actively participate scholars, organizations and institutions, have been formulated by the State and the public politics implemented since the beginning of the 1990.
Abstract: Addressing rural development discussions in Brazil: context and issues of debate. The work analyzes the main theoretical trends and subjects that integrate the recent Brazilian debate about rural development. We agued that the agenda of the rural development in Brazil, on which actively participate scholars, organizations and institutions, have been formulated by the State and the public politics implemented since the beginning of the 1990. Among the factors that had influenced the emergency of the debate about rural development is distinguished the increasing social and political legitimating of family farming and the agrarian reform, the reorientation of the state policies, the increasing sharply political and ideological quarrels with the agribusiness wing and the matters about sustainability. It is also argued that the analytical and interpretative references that have being used by the scholars are still diffuse and varied, but has been capable to influence the policy makers.

100 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigate the historical roots of successful cases of Brazil and present the late onset of National Innovation System (NSI) institutions and waves of institutional formation in Brazil.
Abstract: Conventional wisdom usually underestimates the important role of public research institutes and universities in successful cases of Brazilian economy. History of science and technology institutions shows a long-term process of formation of these institutions and their interactions with industrial firms, agricultural producers or society. This paper investigates historical roots of successful cases of Brazil. First, we present the late onset of National Innovation System (NSI) institutions and waves of institutional formation in Brazil. Second, we describe the history of three ed successful cases, which spans from a low-tech sector (agriculture), a medium-tech sector (steel and special metal alloys), to a high-tech sector (aircraft). These findings present new challenges for present-day developmental policies. JEL Classification: N; O3.

100 citations

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Performance
Metrics
No. of papers from the Journal in previous years
YearPapers
20203
20181
201724
201641
201545
201442