Public and private investment in Brazil: Empirical evidence about complementarity

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.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Bastos, Mariana Werneck Pereira de Moraes

Contributors dc:contributor

• Baer, Werner W.

• Economics, General

Statement dc:rights

• Copyright 1995 Bastos, Mariana Werneck Pereira de Moraes

Language dc:language

eng

Identifier

AAI9543527
(UMI)AAI9543527

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/22678