Examining the benefits of Brazil joining the OECD: lessons from Chile and Mexico

Abstract

Este estudio busca analizar los principales beneficios de la posible adhesio´n de Brasil a la Organizacio´n para la Cooperacio´n y el Desarrollo Econo´mico (OCDE), basa´ndose en las experiencias de Chile y M´xico. e Se empleara´ el M´todo e de Control Sint´tico e (MCS), que consiste en construir un contrafactual para una econom´ıa expuesta a una intervencio´n (perteneciente a la OCDE), replicando el comportamiento econo´mico previo a la intervencio´n de una econom´ıa comparable. Los resultados indican que la adhesio´n a la OCDE no genero´ una diferencia significativa en el desempeno˜ econo´mico de Chile y M´xico, e lo que podr´ıa desalentar a Brasil a adoptar medidas orientadas a su incorporacio´n a la organizacio´n.

This study aims to analyze the main benefits of Brazils potential accession to the Organization for Economic Co-operation and Development (OECD), drawing on the experiences of Chile and Mexico. The Synthetic Control Method (SCM) will be employed, which involves constructing a counterfactual for an economy exposed to an intervention (OECD membership) by replicating the pre-intervention economic behavior of a comparable economy. The results indicate that OECD accession did not generate a significant difference in the economic performance of Chile and Mexico, which may discourage Brazil from adopting measures to pursue OECD membership.