Structural Reform Priorities For Brazil

Author : Nina Biljanovska
Publisher : International Monetary Fund
ISBN 13 : 1484376331
Total Pages : 22 pages
Book Rating : 4.31/5 ( download)

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Download or read book Structural Reform Priorities for Brazil written by Nina Biljanovska and published by International Monetary Fund. This book was released on 2018-10-08 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last few decades, Brazil has experienced relatively weak economic growth due to stagnant productivity. To boost productivity, Brazil should embark on an ambitious structural reform process. In doing so, it is crucial that authorities select a few reform priorities to avoid dispersing political capital on an overly broad reform agenda. The paper aims to identify Brazil’s reform priorities in two steps. First, it estimates the impact that different reforms have on Brazil’s productivity. Second, it analyzes survey data to assess the extent of public support for reforms. The results show that banking sector reforms would generate the largest productivity gains and have the highest level of public support. Moreover, they would also be relatively easy to legislate and generate significant fiscal savings.

Author : Jens Matthias Arnold
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.59/5 ( download)

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Download or read book Raising Productivity Through Structural Reform in Brazil written by Jens Matthias Arnold and published by . This book was released on 2021 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recovery from the current deep recession caused by the COVID-19 pandemic will require raising productivity through structural reforms. This implies a number of challenges for economic policies. With large parts of the economy shielded from competition, firms face weak incentives to become more productive. Sizeable shares of labour and capital are trapped in low-productivity firms that survive on the back of support from distortive policies. Reallocation mechanisms such as continuous firm entry, exit or the growth of stronger firms on the expense of less productive ones appear weaker than elsewhere. Domestic regulatory burdens and market entry barriers are high, reducing domestic competitive pressures. External competition is hampered by high trade barriers that have precluded Brazil from the opportunities that an increasingly integrated world economy can offer. A fragmented tax system gives rise to one of the world's highest tax compliance costs and a wide array of exemptions and special regimes reduces fairness and the redistribution effect of taxes. Financial markets used to be dominated by directed credit, but thanks to a successful policy reform that aligned directed lending rates with market rates, they are now undergoing a profound transformation. Challenges in contract enforcement suggest scope for changes in the organisation of the judiciary to reduce judicial uncertainty and reduce trial durations.

Author : Jorge Saba Arbache
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.45/5 ( download)

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Download or read book Do Structural Reforms Always Succeed? written by Jorge Saba Arbache and published by . This book was released on 2004 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.86/5 ( download)

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Download or read book Brazil Economic Stabilization with Structural Reforms written by and published by . This book was released on 1991 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Maria Jose Fernandes Willumsen
Publisher : University of Miami Iberian Studies Institute
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.41/5 ( download)

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Download or read book The Brazilian Economy written by Maria Jose Fernandes Willumsen and published by University of Miami Iberian Studies Institute. This book was released on 1997 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emphasis of this book is on the structural aspects of the Brazilian economy, although analyses of economic performance are also covered. A central theme is that growth with social development requires structural reforms, such as the reorganisation of public finances and other matters.

Author : Marcelo Cortes Neri
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.87/5 ( download)

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Download or read book Structural Reforms, Macroeconomic Fluctuations and Income Distribution in Brazil written by Marcelo Cortes Neri and published by . This book was released on 1999 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper attempted to measure the evolution of income distribution and its determinants during the period of economic reforms. [It's] divided in two parts: ... [first] long-run relations between reforms and income distribution were explored ... [secondly] explored relations between movements of distributive variables, on the one hand, and economic reforms and macroeconomic fluctuations, on the other"--p.5

Author : Marcelo Cortes Neri
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.02/5 ( download)

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Download or read book Distributive Effects of Brazilian Structural Reforms written by Marcelo Cortes Neri and published by . This book was released on 2002 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Michael Michaely
Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.52/5 ( download)

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Download or read book Brazil : Economic Stabilization with Structural Reforms written by Michael Michaely and published by . This book was released on 1991 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498345409
Total Pages : 16 pages
Book Rating : 4.08/5 ( download)

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Download or read book Staff Background Paper for the G20 Surveillance Note - Priorities for Structural Reforms in G20 Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-07-22 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: provide a powerful lift to growth—both in the short and the long term—if they are well aligned with individual country conditions . These include an economy’s level of development, its position in the economic cycle, and its available macroeconomic policy space to support reforms. The larger a country’s output gap, the more it should prioritize structural reforms that will support growth in the short term and the long term—such as product market deregulation and infrastructure investment. Macroeconomic support can help make reforms more effective, by bringing forward long-term gains or alleviating their short-term costs . Where monetary policy is becoming over-burdened, domestic policy coordination can help make macroeconomic support more effective. Fiscal space, where it exists, should be used to offset short-term costs of reforms. And where fiscal constraints are binding, budget-neutral reform packages with positive demand effects should take priority. Some structural reforms can themselves help generate fiscal space. For example, IMF research finds that by boosting output, product market deregulation can help lower the debt-to-GDP ratio over time. Formulating a medium-term plan that clarifies the long-term objectives of fiscal policy can also help increase near-term fiscal space. With nearly all G-20 economies operating at below-potential output, the IMF is recommending measures that both boost near-term growth and raise long-term potential growth. For example: ? In advanced economies, these measures include shifting public spending toward infrastructure investment (Australia, Canada, Germany, United States (US)); promoting product market reforms (Australia, Canada, Germany, Japan, Korea, Italy) and labor market reforms (Canada, Germany, Japan, Korea, United Kingdom (UK), US); and fiscal structural reforms (France, UK, US). Where there is fiscal space, lowering employment protection is also recommended (Korea). ? Recommendations for emerging markets (EMs) focus on raising public investment efficiency ( India, Saudi Arabia, South Africa), labor market reforms (Indonesia, Russia, Saudi Arabia, South Africa, Turkey), and product market reforms (China, Saudi Arabia, South Africa), which would boost investment and productivity within tighter budgetary constraints particularly if barriers to trade and FDI were eased (Brazil, India, Indonesia). Governance (China, South Africa) and other institutional reforms are also crucial. Where policy space is limited, adjusting the composition of fiscal policy can create space to support reforms ( Argentina, India, Mexico, Russia). ? Some commodity-exporting EMs (Brazil, Russia, Saudi Arabia, South Africa) are facing acute challenges, with output significantly below potential and an urgent need to rebuild fiscal buffers. To bolster growth, Fund staff recommends product market and legal reforms to improve the business climate and investment; trade and FDI liberalization to facilitate diversification; and financial deepening to boost credit flows. IMF advice also aims to promote inclusiveness and macroeconomic resilience. The Fund recommends a targeted expansion of social spending toward vulnerable groups (Mexico), social spending for the elderly poor ( Korea), and upgrading social programs for the nonworking poor (US). Recommendations to bolster macrofinancial resilience include expanding the housing supply (UK), resolving the corporate debt overhang (China, Korea), coordinating a national approach to regulating and supervising life insurers (US), and reforming monetary frameworks (Argentina, China).

Author : Jorge M. Katz
Publisher : United Nations Publications
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.82/5 ( download)

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Download or read book Structural Reforms, Productivity and Technological Change in Latin America written by Jorge M. Katz and published by United Nations Publications. This book was released on 2001 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.