posted on 2018-05-23, 02:52authored byPeterson Felipe Arias Santos, Humberto F. S. Spolador
This article aims to evaluate the relevance of sectoral productivity growth for structural change in Brazil in the period from 1981 through 2013, by implementing a dynamic general equilibrium model with three sectors. The calibrated model was used to simulate a hypothetical scenario where agricultural productivity would have grown at the aggregated economy’s productivity growth rate. Results suggest the agricultural productivity, the highest sectoral productivity in the period, was important to release labor to service sector, even though it may have marginally favored deindustrialization.