Master's – Reforms and growth: an analysis of Latin America trade opening in the 1990s

Tipo de evento: 
Data e hora: 
13/09/2021 - 10:00 to 13:00


Lucas Chang Carvalho Santana

Master's – Reforms and growth: an analysis of Latin America trade opening in the 1990s

Advisor: Prof. Dr. Mauro Rodrigues Junior

Comission: Profs. Drs. Márcio Issao Nakane, Pedro Cavalcanti Gomes Ferreira and Tiago Vanderlei de Vasconcelos Cavalcanti

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After the debt crisis, in 1982, the majority of the Latin American countries realized that a development model based on import substitution causes serious macroeconomic problems. In the late 1980s and early 1990s, the countries of this region began a series of economic reforms to adopt pro-market and pro-trade policies. However, the high growth expected with these policies did not occur. In this paper, we will introduce a dynamic general equilibrium model for a better understanding of the relationship between economic growth and international trade. The trade regime is formulated in a manner similar to the one observed in Latin America during the 1990s, that is, a trade opening after a period of protectionist policies. The results obtained in the model are similar to the ones observed in the region after the opening, which are a slow growth of the product per worker, an increase in the total factor productivity, and a reduction in the capital-product ratio.

*Abstract provided by the author



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