The aim of the text is to analyze the growth pattern of Brazilian economy from 1970 to 2008, regarding the fluctuations in investment and the productivity as characterizing this trajectory. We thus identify and qualify different growth phases. The resulting overall trajectory oscillatory behavior has being attributed to conjectures of many natures. Herein we will focus, on the change in economy policies and their effects on the productive structure via the induced structural change that reverberates into observed dynamics, the just mentioned phases of the growth oscillation. We are suppored by Kaldorian and neo-Schumpeterian view and resort to the Framework Space as the method to analyze the dynamic feature of fluctuating economic growth in Brazil.
Economic growth; structural change; investment; productivity
