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Title:Public and private investment in Brazil: Empirical evidence about complementarity
Author(s):Bastos, Mariana Werneck Pereira de Moraes
Doctoral Committee Chair(s):Baer, Werner W.
Department / Program:Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Economics, General
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.
Issue Date:1995
Rights Information:Copyright 1995 Bastos, Mariana Werneck Pereira de Moraes
Date Available in IDEALS:2011-05-07
Identifier in Online Catalog:AAI9543527
OCLC Identifier:(UMI)AAI9543527

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