ECONOMIC GROWTH AND WELFARE ANALYSIS OF PRIVATIZATION POLICIES

• Autor(a) principal: Lucio, Francisco Germano Carvalho
• Data de Publicação: 2021
• Outros Autores: Bezerra, Arley Rodrigues, Pereira, Ricardo Antônio de Castro
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Análise Econômica (Online)
• Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/83955
• topic: Privatização; Ineficiência; Carga tributária; Crescimento econômico; C68; H20; H30; O40; Privatization; Inefficiency; Tax burden; Economic growth; C68; H20; H30; O40

This paper aims to analyze the effects of privatization policies of state-ownedcompanies on the macroeconomic aggregates and welfare. These policies are simulated using both plain privatization policies and combined with policies of reductionof the public sector inefficiency and tax rates. It uses a computable general equilibriummodel calibrated for the Brazilian economy, considering the setup of the current fiscalbudget, defined by the Constitutional Amendment 95/2016. It was observed that plainprivatization policies, even if they show less expressive results such as welfare gains of approximately 0.5%, they might increase the investments by 5%. Policies involving areduction in the tax burden would present better results in the macroeconomic aggregates, especially in terms of investment and GDP. On the other hand, the privatizationpolicies combined with a reduction of inefficiency would achieve better results in termsof welfare gains. Therefore, the potential benefits of privatization policies were shown,especially when they are combined with other policies.