Connecting financialisation and structural change: a critical appraisal regarding Brazil

IF 2 2区 经济学 Q2 ECONOMICS Cambridge Journal of Economics Pub Date : 2022-07-28 DOI:10.1093/cje/beac036
Mariana Finello Corrêa, Carmem Feijó
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引用次数: 1

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.
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将金融化与结构变革联系起来:对巴西的批判性评价
本文的贡献是讨论外围经济体金融化的特殊性,强调金融化有助于重新定义其结构变化轨迹的渠道。本文参考了巴西案例的结构回归,其特征是去工业化和以出口重新定价为标志的贸易专业化。所涵盖的方面包括非金融公司的金融化、汇率和商品价格的确定,这些都与荷兰病有关。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.30
自引率
5.00%
发文量
54
期刊介绍: The Cambridge Journal of Economics, founded in 1977 in the traditions of Marx, Keynes, Kalecki, Joan Robinson and Kaldor, provides a forum for theoretical, applied, policy and methodological research into social and economic issues. Its focus includes: •the organisation of social production and the distribution of its product •the causes and consequences of gender, ethnic, class and national inequities •inflation and unemployment •the changing forms and boundaries of markets and planning •uneven development and world market instability •globalisation and international integration.
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