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Brazil’s productivity dynamics (English)

Recent developments in the theory and empirics of growth have emphasized the interplay of macroeconomic and microeconomic factors in long-term development. Most notably, the Schumpeterian growth paradigm has highlighted the crucial role of creative destruction, namely, the displacement of old technologies by new innovations, in promoting sustained aggregate productivity growth in the long run. This book is organized as follows: Section I shows that distortions have prevented the Brazilian economy from benefiting fully from the Schumpeterian forces of innovation and creative destruction; Section II outlines the main trends in productivity at the aggregate level and examines the role of structural change in overall productivity growth, introducing the notion of factor misallocation that will permeate much of the discussion in this chapter; Section III looks into the firm-level evidence and sheds light on the productivity dynamics of Brazilian firms; and Section IV concludes.

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Qian,Rong Araújo,Jorge Thompson Nucifora,Antonio

Brazil’s productivity dynamics (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/195351520427970225/Brazil-s-productivity-dynamics