Diversification or specialization an analysis of the process of structure change of the Brazilian industry

Abstract

 Based on findings of Imbs and Wacziarg (2003), whose empirical study established the existence of a U-shaped pattern of the evolution of sectoral concentration in relation to per capita income, this paper aimed at determining the path of structural change followed by the Brazilian industry in the last decades and at comparing it to the pattern found by the authors and to the path followed by ed countries. The empirical work has verified that the stage of diversification of the Brazilian industrial structure has ended in lower levels of per capita income than in the studied countries.

JEL Classification: O14; O30; O57.