Import Substitution and Growth in Brazil, 1890s-1970s

Discussion paper no. 366

Posted: 10 Nov 1997

See all articles by Marcelo de Paiva Abreu

Marcelo de Paiva Abreu

Pontifical Catholic University of Rio de Janeiro (PUC-Rio)

Afonso S. Bevilaqua

Catholic University of Rio de Janeiro (PUC-Rio)

Demosthenes M. Pinho

Getulio Vargas Foundation (FGV) - FGV/EPGE Escola Brasileira de Economia e Finan├žas

Date Written: December 1996

Abstract

The paper analyses the origins of import substitution from the early days of the Republic in the 1890s to 1930 and proposes an original explanation to conciliate high protection and a high growth path. The golden age period of import substitution in Brazil from the 1930s until the early 1960s is then considered. There is some discussion of the links between foreign exchange regimes and sectoral import substitution as well as the possibility of adoption of alternative policies, given the international context of the late 1940s and 1950s. The shift in economic policies to closer links with the international economy following the military coup of 1964 is analyzed. The possible role of sustained import substitution in explaining the declining growth performance from the late 1970s is also discussed.

JEL Classification: F14, N16, N76, O40

Suggested Citation

de Paiva Abreu, Marcelo and Bevilaqua, Afonso S. and Pinho, Demosthenes M., Import Substitution and Growth in Brazil, 1890s-1970s (December 1996). Discussion paper no. 366, Available at SSRN: https://ssrn.com/abstract=45564

Marcelo De Paiva Abreu (Contact Author)

Pontifical Catholic University of Rio de Janeiro (PUC-Rio) ( email )

Rua Marquas de Sao Vicente, 225
RJ 22453-900 Rio de Janeiro, 22453-900
Brazil
(55-21) 274-2797 (Phone)
(55-21) 294-2095 (Fax)

Afonso S. Bevilaqua

Catholic University of Rio de Janeiro (PUC-Rio) ( email )

Rua Marquas de Sao Vicente, 225
RJ 22453-900 Rio de Janeiro, 22453-900
Brazil

Demosthenes M. Pinho

Getulio Vargas Foundation (FGV) - FGV/EPGE Escola Brasileira de Economia e Finan├žas

Praia de Botafogo 190/1125, CEP
Rio de Janeiro RJ 22253-900
Brazil

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