Review of Keynesian Economics

Which developmentalism? A Keynesian–Institutionalist proposal

Fernando Ferrari Filho * * and Pedro Cezar Dutra Fonseca * *

Keywords: new-developmentalism, social-developmentalism, Keynesian–Institutionalist, wage-led, profit-led, export-led growths


Academic discussion of Brazil's economic growth is currently framed in terms of export-led growth and wage-led growth, identified, respectively, with the new- developmentalism and the social-developmentalism approaches. This article presents a Keynesian–Institutionalist proposal to the Brazilian economy based on a wage-led regime without neglecting the long-run balance of payment current account requirement to ensure macroeconomic stability in the Brazilian economy.

Author Notes

The authors thank three anonymous referees for comments and suggestions. All remaining errors are the authors’ responsibility.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information