Please use this identifier to cite or link to this item:
Title: A reconstrução da indústria brasileira: a conexão entre o regime macroeconômico e a política industrial
Authors: Nassif, André
Keywords: Política monetária - Brasil
Monetary policy - Brazil
Política industrial - Brasil
Industrial policy - Brazil
Estrutura industrial - Brasil
Industrial structures - Brazil
Diversificação na indústria - Brasil
Diversification in industry - Brazil
Brasil - Política econômica
Brazil - Economic policy
Issue Date: Jul-2016
Publisher: Centro de Economia Política
Abstract: This paper is predominantly analytical. Concerning the macroeconomic regime, we propose more consistency between monetary, fiscal, exchange rate and wage policies. Such consistency is to provide sustainable long-term economic growth with structural change. Also, it is to make it feasible to not only maintain average real interest rates below the average real return rates on capital, but also competitive real exchange rates (i.e., marginal undervalued real exchange rates) and real wages that increase in step with productivity growth. This will help guarantee sustainable economic growth. As for industrial policy, theoretical and empirical evidence suggests the need to pursue strategies that diversify production, especially within the manufacturing sector as well as within tradable segments of the service sector. Although theoretical arguments are favorable to strategies that diversify production in countries that did not manage to catch up with developed countries, such strategies should avoid semi-autarky policies, which means that production chains, segments and sectors that are not the focus of industrial policy should have zero import tariffs, or close to zero.
Other Identifiers: PEREIRA, Luiz C. Bresser; NASSIF, André; FEIJÓ, Carmen Aparecida. A reconstrução da indústria brasileira: a conexão entre o regime macroeconômico e a política industrial. São Paulo: 2016.
Appears in Collections:Produção BNDES - Artigos

Files in This Item:
There are no files associated with this item.

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.