¿Precios y progreso? El vínculo entre la inflación y el cambio estructural en el Brasil de posguerra.

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Bibliographic Details
Title:	¿Precios y progreso? El vínculo entre la inflación y el cambio estructural en el Brasil de posguerra. (Spanish).
Authors:	Regina Centurião, Lúcia
Source:	Revista de la CEPAL. abr2025, Issue 145, p133-153. 21p.
Geographic Terms:	BRAZIL
Abstract (English):	The article analyzes the relationship between inflation and structural change in Brazil during the post-war period (1945-1964) using a structural vector error correction model. It concludes that inflation played a significant role in structural change, while the influence of structural change on inflation was less pronounced. Through empirical analysis, it is evidenced that inflation may have stimulated investment and industrial growth, although negative long-term effects are also identified. The study suggests that, although inflation contributed to development, it was not an inevitable phenomenon, highlighting the importance of institutional factors and development policies in the Brazilian economy. [Extracted from the article]
Abstract (Spanish):	En este artículo se utiliza un modelo de serie cronológica de múltiples variables para examinar la relación entre el aumento de los precios y el cambio estructural en el Brasil de posguerra (1945-1964). Para evaluar esta relación, mediante el modelo se investiga el vínculo entre los precios, la participación de la industria en la producción total de la economía, la inversión neta y los salarios del sector industrial. Con el objeto de responder a las críticas que suelen hacerse a los modelos de autorregresión vectorial, y en particular al carácter ad hoc del método de descomposición de Cholesky, se aplicaron a la matriz de restricciones hipótesis extraídas de la literatura económica sobre la teoría del desarrollo. Los resultados indican que la inflación desempeñó un importante papel en el cambio estructural registrado en el Brasil, mientras que la influencia del cambio estructural sobre la inflación fue menos marcada. [ABSTRACT FROM AUTHOR]
Database:	Referencia Latina

Description
Abstract:	The article analyzes the relationship between inflation and structural change in Brazil during the post-war period (1945-1964) using a structural vector error correction model. It concludes that inflation played a significant role in structural change, while the influence of structural change on inflation was less pronounced. Through empirical analysis, it is evidenced that inflation may have stimulated investment and industrial growth, although negative long-term effects are also identified. The study suggests that, although inflation contributed to development, it was not an inevitable phenomenon, highlighting the importance of institutional factors and development policies in the Brazilian economy. [Extracted from the article]
ISSN:	02520257