InstituiÃÃes, governanÃa e Crescimento EconÃmico: Teoria e ExperiÃncia Brasileira à Luz das EvidÃncias EmpÃricas dos PaÃses do Mercosul e Leste AsiÃtico

AUTOR(ES)
DATA DE PUBLICAÇÃO

2006

RESUMO

Analyze the main influences of the institutional variables for economic growth in developing countries in general, and specifically in the Brazilian Economy is the aim of this article. Considering the large number of ways to approach the issue of economic growth, one has opted, as large part of the literature does, to assume that institutional factors play a fundamental role to explain international differences among economic growth rates, as well as the differences in these rates in each country along the time. The functioning of political and economic institutions in a country is able to influence positively the development of technological changes and the public policies in general capable to promote growth. The main point of our analysis is to determine the institutional aspects more relevant. The majority of the literature considers that the establishment of stable institutions, providing better levels of security of property rights is the key-factor to growth, taking into account the creation of favorable conditions to new investments and technological developments. In this sense, these âgood institutionsâ, or the so-called good governance, are closely related to the maintenance of the status quo, that is, the permanence of political and economic stabilities. On the other hand, economic growth requires, in a large way, that political and economic changes occur to allow reforms, to make it possible. In this point one has a dilemma. In order to try to solve it, the empirical help is very important. That was what we have done in the present work. We verify that, despite the relevance of variables associated with good governance, the Brazilian economic growth is related negatively with the large numbers of veto players ( agents with power veto) and the same happened to South American and East Asian countries. Thus, the weaker capacity to veto political and economic changes were associated to better economic growth rates, which does not mean one must not have institutional stability, but points out that the capacity to change the status quo is fundamental to generate conditions to economic growth in developing countries

ASSUNTO(S)

governance crescimento econÃmico institutions economic growth veto players veto players instituiÃÃes ciencia politica governanÃa

ACESSO AO ARTIGO

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