2026-09-23T06:32:10Z https://www.ideals.illinois.edu/oai-pmh

oai:www.ideals.illinois.edu:2142/23255 2023-07-10 col_2142_5131 col_2142_14830 com_2142_5130 com_2142_14829 com_2142_8903

Baer, Werner W. Florissi, Stefano 2011-05-07T14:07:39Z 2011-05-07T14:07:39Z 10000-01-01 1996 This dissertation tries to test, from the empirical evidence from Brazil, the validity or not of the inclusion of two new variables in the traditional neoclassical growth model: Public capital and infrastructure capital. We check for the stationarity of the data and run two models: One with public capital and another with public capital and infrastructure capital. For our first model, we find that the public capital variable is not strongly significant (even considering that we have a multicollinearity problem) and that this significance is dependent on a constant return to scale assumption. In our second model, public capital is found to be even less significant. The infrastructure capital variable, on the other hand, not only is strongly significant but it is also independent of any extra assumption. When we test for causality we find that infrastructure is the only variable that causes future growth and that it is not caused by past growth. Given these results, we conclude that there are strong evidences of the importance of infrastructure capital, especially the energy subsector, in helping to promote economic growth. Made available in DSpace on 2011-05-07T14:07:39Z (GMT). No. of bitstreams: 2 license.txt: 4922 bytes, checksum: 910b249b4beec47e7ab768910c8f966f (MD5) 9625134.pdf: 4115211 bytes, checksum: 424a19d8ab7dbf250b7a963988a09d1f (MD5) Previous issue date: 1996 Item marked as restricted to the 'UIUC Users [automated]' Group (id=2) by Howard Ding (hding2@illinois.edu) on 2011-05-07T15:03:14Z Item is restricted indefinitely. Restriction data tranferred 2014-07-01T11:30:08-05:00 Original Data Group with Access UIUC Users [automated] Release Date: none Reason: ETDs are only available to UIUC Users without author permission ETDs are only available to UIUC Users without author permission U of I Only AAI9625134 (UMI)AAI9625134 http://hdl.handle.net/2142/23255 eng Copyright 1996 Florissi, Stefano Economics, General Public capital, infrastructure and productivity in the Brazilian economy text Economics Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.