University of Illinois Urbana-Champaign

Public and private investment in Brazil: Empirical evidence about complementarity

Bastos, Mariana Werneck Pereira de Moraes

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Description

Title
Public and private investment in Brazil: Empirical evidence about complementarity
Author(s)
Bastos, Mariana Werneck Pereira de Moraes
Issue Date
1995
Doctoral Committee Chair(s)
Baer, Werner W.
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, General
Language
eng
Abstract
In this dissertation, we examine the relationship between public and private investment in Brazil in the 1955-1993 period. The public sector has always been an important agent in the Brazilian economy. However, historical observation and empirical evidence indicate that the state has lost some of its dynamic properties in the last decade. Overall, our results corroborate the long-run complementarity hypothesis for the Brazilian economy in the period in question. The provision of infrastructure capital, however, has a stronger impact than non-infrastructure investment. Hence, if public investment is used as a policy tool to encourage rapid growth of the private sector, infrastructure projects should be chosen over non-infrastructure ones. In the long-run, however, both types of investment will have a positive impact on private investment.
Type of Resource
text
Permalink
http://hdl.handle.net/2142/22678
Copyright and License Information
Copyright 1995 Bastos, Mariana Werneck Pereira de Moraes

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