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Connecting financialisation and structural change: a critical appraisal regarding Brazil.

Authors :
CorrĂȘa, Mariana Finello
Feijo, Carmem
Source :
Cambridge Journal of Economics; Sep2022, Vol. 46 Issue 5, p1005-1024, 20p
Publication Year :
2022

Abstract

The contribution of this paper is to discuss the particularities of financialisation in peripheral economies, emphasising the channels through which financialisation contributes to redefining their trajectory of structural change. This paper has, as a reference, the structural regression of the Brazilian case, which is characterised by the deindustrialisation and trade specialisation marked by export reprimarisation. The aspects covered are the financialisation of non-financial corporations, of the exchange rate and of the determination of the commodity prices, which are associated with the Dutch disease. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0309166X
Volume :
46
Issue :
5
Database :
Complementary Index
Journal :
Cambridge Journal of Economics
Publication Type :
Academic Journal
Accession number :
160354330
Full Text :
https://doi.org/10.1093/cje/beac036