01822cas a2200265 a 4500 AALejournalIMF004640 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451865424 1018-5941 BD-DhAAL BD-DhAAL Adrogue, Ricardo. Brazil's Long-Term Growth Performance-Trying to Explain the Puzzle / Ricardo Adrogue, Martin Cerisola, R. Gelos. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation techniques, building on the vast empirical literature on growth. The empirical evidence presented in this paper confirms that macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show that some long-standing structural weaknesses continue to weigh negatively on per capita growth. Reducing the high level of government consumption would help lower the overall consumption level in the economy and lower its intertemporal price-the real interest rate-thus helping to foster investment and growth. Mode of access: Internet Cerisola, Martin. Gelos, R. IMF Working Papers; Working Paper ; No. 2006/282 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/282/001.2006.issue-282-en.xml IMF e-Library