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date: 22 September 2020

Abstract and Keywords

One of the most puzzling pieces of evidence surrounding Brazil’s economic performance is that, despite the country’s ability to grow at high rates, its long-term growth has been disappointing. Behind this deficient long-term outcome, Brazil shows a high degree of growth volatility. It has experienced substantial growth booms and busts as measured by international standards. This chapter provides an analysis of growth volatility and its impact on Brazil’s growth performance and long-term trajectory. Particular attention is given to its long-term underperformance, its macroeconomic regularities, and the possible causes and implications of its limited growth potential and degree of international convergence.

Keywords: Brazil, growth volatility, economics, macroeconomics, growth potential

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