The impact of public investment on private investment in Brazil, 1947-1990
Includes bibliography
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2014
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| Acceso en línea: | http://hdl.handle.net/11362/10677 |
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oai-11362-106772020-03-03T20:03:42Z The impact of public investment on private investment in Brazil, 1947-1990 Cruz, Bruno de Oliveira Teixeira, Joanílio Rodolpho INVERSION PUBLICA INVERSIONES INVESTMENTS PUBLIC INVESTMENT Includes bibliography This article analyses the impact of public investment on private investment. Apart from purely ideological aspects, two opposing interpretations may be distinguished with regard to the relationship between these variables. The first is that there is competition between public and private investment, so that the former "crowds out" the latter. The second is that public investment is complementary to private investment in so far that, by generating positive externalities, it creates favourable conditions for the latter. In view of the relative scarcity of empirical studies on this matter, this study deals with the case of the Brazilian economy in the period from 1947 to 1990. Its main conclusions are that private investment is indeed crowded out by public investment in the short term, but in the long term the coefficients of the cointegration vector indicate that these two variables complement each other. 2014-01-02T18:42:19Z 2014-01-02T18:42:19Z 1999-04 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/10677 LC/G.2055-P en CEPAL Review CEPAL Review 67 application/pdf BRASIL BRAZIL |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
INVERSION PUBLICA INVERSIONES INVESTMENTS PUBLIC INVESTMENT |
| spellingShingle |
INVERSION PUBLICA INVERSIONES INVESTMENTS PUBLIC INVESTMENT Cruz, Bruno de Oliveira Teixeira, Joanílio Rodolpho The impact of public investment on private investment in Brazil, 1947-1990 |
| description |
Includes bibliography |
| format |
Texto |
| author |
Cruz, Bruno de Oliveira Teixeira, Joanílio Rodolpho |
| author_facet |
Cruz, Bruno de Oliveira Teixeira, Joanílio Rodolpho |
| author_sort |
Cruz, Bruno de Oliveira |
| title |
The impact of public investment on private investment in Brazil, 1947-1990 |
| title_short |
The impact of public investment on private investment in Brazil, 1947-1990 |
| title_full |
The impact of public investment on private investment in Brazil, 1947-1990 |
| title_fullStr |
The impact of public investment on private investment in Brazil, 1947-1990 |
| title_full_unstemmed |
The impact of public investment on private investment in Brazil, 1947-1990 |
| title_sort |
impact of public investment on private investment in brazil, 1947-1990 |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/10677 |
| work_keys_str_mv |
AT cruzbrunodeoliveira theimpactofpublicinvestmentonprivateinvestmentinbrazil19471990 AT teixeirajoaniliorodolpho theimpactofpublicinvestmentonprivateinvestmentinbrazil19471990 AT cruzbrunodeoliveira impactofpublicinvestmentonprivateinvestmentinbrazil19471990 AT teixeirajoaniliorodolpho impactofpublicinvestmentonprivateinvestmentinbrazil19471990 |
| _version_ |
1718436218389135360 |