This rese­ar­ch pro­ject aims to iden­tify the sty­le of deve­lop­ment that cha­rac­te­ri­zed the Bra­zi­li­an eco­nomy during the recent long expan­si­on (2003–2014), to exa­mi­ne the pos­si­bi­li­ti­es and limits of com­bi­ning eco­no­mic growth and reduc­ti­on of ine­qua­li­ti­es. “Sty­le of deve­lop­ment,” in the cur­rent pro­ject, encom­pas­ses not only cumu­la­ti­ve pro­ces­ses betwe­en demand and sup­ply struc­tu­res but also their rela­ti­ons with the dyna­mic inte­rac­ti­on betwe­en demand and inco­me dis­tri­bu­ti­on. The fra­mework com­bi­nes, in this way, the Kalec­ki­an lite­ra­tu­re on growth and dis­tri­bu­ti­on with a strand of Latin-Ame­ri­can struc­tu­ra­lism that begins with Fur­ta­do’s (1966) work on stag­na­ti­on and cul­mi­na­tes with Pin­to’s (1976) for­mu­la­ti­on. Spe­ci­fi­cally, the pro­ject will con­sist of a seri­es of arti­cles that has three objec­ti­ves. The first is to inves­ti­ga­te empi­ri­cally the rela­ti­onship betwe­en inco­me dis­tri­bu­ti­on, the sec­to­ral com­po­si­ti­on of hou­seholds’ aggre­ga­te con­sump­ti­on, and the sec­to­ral com­po­si­ti­on of out­put and employ­ment, to assess the vali­dity of the underlying ele­ments of the cumu­la­ti­ve pro­cess that I call the “eco­no­mic anti­mi­ra­cle” (Rugitsky, 2017). The second is to unders­tand the cycli­cal dyna­mics of the pro­fit rate and out­put, inclu­ding an exa­mi­na­ti­on of the three inter­pre­ta­ti­ons about the rela­ti­on betwe­en the dis­tri­bu­ti­ve con­flict, pro­fits, invest­ment, and eco­no­mic policy sug­ges­ted by Ser­ra­no and Sum­ma (2018), as well as an empi­ri­cal inves­ti­ga­ti­on of the vali­dity of the pro­fit sque­e­ze hypothe­sis for the Bra­zi­li­an eco­nomy. Last, the third objec­ti­ve is com­pa­ring the Bra­zi­li­an case with that of other South-Ame­ri­can eco­no­mi­es that were simi­larly affec­ted by the com­mo­di­ti­es boom, from the stand­point of both the cumu­la­ti­ve pro­cess betwe­en sup­ply and demand struc­tu­res and the cycli­cal dynamics.

Dura­ti­on: 2019–2020