On the economic and fiscal effects of infrastructure investment in Brazil

Detalhes bibliográficos
Autor(a) principal: Ferreira, Pedro Cavalcanti
Data de Publicação: 2006
Outros Autores: Araújo, Carlos Hamilton Vasconcelos
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/483
Resumo: This article studies the productive impact of infrastructure investment in Brazil. Public-capital expenditures in the country have decreased continuously over the last two decades, and this paper shows the significant impact this has had on infrastructure stocks. Cointegration analysis is used to investigate the long-run association between output and infrastructure, the results being then used to study the short-run dynamic of these variables. Whether in the short or long run, the productive impact of infrastructure was found to be relevant. Other group of simulations studies the impact of expanding capital expenditures through debt finance on debt to GDP ratio as well as on public cash áow and net worth.
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spelling Ferreira, Pedro CavalcantiAraújo, Carlos Hamilton VasconcelosEscolas::EPGEFGV2008-05-13T15:24:59Z2008-05-13T15:24:59Z2006-03-010104-8910http://hdl.handle.net/10438/483This article studies the productive impact of infrastructure investment in Brazil. Public-capital expenditures in the country have decreased continuously over the last two decades, and this paper shows the significant impact this has had on infrastructure stocks. Cointegration analysis is used to investigate the long-run association between output and infrastructure, the results being then used to study the short-run dynamic of these variables. Whether in the short or long run, the productive impact of infrastructure was found to be relevant. Other group of simulations studies the impact of expanding capital expenditures through debt finance on debt to GDP ratio as well as on public cash áow and net worth.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;613On the economic and fiscal effects of infrastructure investment in Brazilinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaEconomiaFinanças públicas - BrasilInvestimentos públicos - Brasilreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL2049.pdfapplication/pdf283908https://repositorio.fgv.br/bitstreams/e3ea11dc-306c-42c1-ac22-78d4c76f091e/downloadb4157e9a3240fac49c194a7b82135fefMD51TEXT2049.pdf.txt2049.pdf.txtExtracted texttext/plain56157https://repositorio.fgv.br/bitstreams/252c528d-74c7-4465-bf9c-dbf518528ce3/downloaddc092a7243ebb56e19b912b9b36529e2MD56THUMBNAIL2049.pdf.jpg2049.pdf.jpgGenerated Thumbnailimage/jpeg3261https://repositorio.fgv.br/bitstreams/c6cdd5db-ccb5-4a87-86c7-3f0bb8abac74/download491a72fd08c5f38552bec8325b127acaMD5710438/4832023-11-09 17:32:22.121open.accessoai:repositorio.fgv.br:10438/483https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T17:32:22Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv On the economic and fiscal effects of infrastructure investment in Brazil
title On the economic and fiscal effects of infrastructure investment in Brazil
spellingShingle On the economic and fiscal effects of infrastructure investment in Brazil
Ferreira, Pedro Cavalcanti
Economia
Economia
Finanças públicas - Brasil
Investimentos públicos - Brasil
title_short On the economic and fiscal effects of infrastructure investment in Brazil
title_full On the economic and fiscal effects of infrastructure investment in Brazil
title_fullStr On the economic and fiscal effects of infrastructure investment in Brazil
title_full_unstemmed On the economic and fiscal effects of infrastructure investment in Brazil
title_sort On the economic and fiscal effects of infrastructure investment in Brazil
author Ferreira, Pedro Cavalcanti
author_facet Ferreira, Pedro Cavalcanti
Araújo, Carlos Hamilton Vasconcelos
author_role author
author2 Araújo, Carlos Hamilton Vasconcelos
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Ferreira, Pedro Cavalcanti
Araújo, Carlos Hamilton Vasconcelos
dc.subject.area.por.fl_str_mv Economia
topic Economia
Economia
Finanças públicas - Brasil
Investimentos públicos - Brasil
dc.subject.bibliodata.por.fl_str_mv Economia
Finanças públicas - Brasil
Investimentos públicos - Brasil
description This article studies the productive impact of infrastructure investment in Brazil. Public-capital expenditures in the country have decreased continuously over the last two decades, and this paper shows the significant impact this has had on infrastructure stocks. Cointegration analysis is used to investigate the long-run association between output and infrastructure, the results being then used to study the short-run dynamic of these variables. Whether in the short or long run, the productive impact of infrastructure was found to be relevant. Other group of simulations studies the impact of expanding capital expenditures through debt finance on debt to GDP ratio as well as on public cash áow and net worth.
publishDate 2006
dc.date.issued.fl_str_mv 2006-03-01
dc.date.accessioned.fl_str_mv 2008-05-13T15:24:59Z
dc.date.available.fl_str_mv 2008-05-13T15:24:59Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/483
dc.identifier.issn.none.fl_str_mv 0104-8910
identifier_str_mv 0104-8910
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dc.language.iso.fl_str_mv eng
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dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;613
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dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
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