An econometric analysis of private-sector investment in Brazil
Includes bibliography
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2014
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oai-11362-108192020-03-04T19:57:23Z An econometric analysis of private-sector investment in Brazil Ribeiro, Marcio Bruno Teixeira, Joanílio Rodolpho MODELOS INVERSION PUBLICA INVERSIONES MODELS INVESTMENTS PUBLIC INVESTMENT Includes bibliography This article analyses the main determinants of private-sector investment in Brazil during the period 1956-1996, using an empirical model employed in the most recent studies on developing countries. The econometric procedures followed not only take into account the non-stationarity of the data series examined, but allow for the possible difficulties involved in treating the conditioning variables as exogenous ones or as policy instruments. The findings -both the long-term equations and the short-term models- reveal the positive impact of the output, public investment and financial credit variables and the negative effect of the exchange rate. The results of the weak exogeneity and superexogeneity tests show the importance of credit and public investment as economic policy instruments, while obviating Lucas' critique. 2014-01-02T18:42:50Z 2014-01-02T18:42:50Z 2001-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/10819 LC/G.2135-P en CEPAL Review CEPAL Review 74 application/pdf BRASIL BRAZIL |
institution |
Cepal |
collection |
Cepal |
language |
English |
topic |
MODELOS INVERSION PUBLICA INVERSIONES MODELS INVESTMENTS PUBLIC INVESTMENT |
spellingShingle |
MODELOS INVERSION PUBLICA INVERSIONES MODELS INVESTMENTS PUBLIC INVESTMENT Ribeiro, Marcio Bruno Teixeira, Joanílio Rodolpho An econometric analysis of private-sector investment in Brazil |
description |
Includes bibliography |
format |
Texto |
author |
Ribeiro, Marcio Bruno Teixeira, Joanílio Rodolpho |
author_facet |
Ribeiro, Marcio Bruno Teixeira, Joanílio Rodolpho |
author_sort |
Ribeiro, Marcio Bruno |
title |
An econometric analysis of private-sector investment in Brazil |
title_short |
An econometric analysis of private-sector investment in Brazil |
title_full |
An econometric analysis of private-sector investment in Brazil |
title_fullStr |
An econometric analysis of private-sector investment in Brazil |
title_full_unstemmed |
An econometric analysis of private-sector investment in Brazil |
title_sort |
econometric analysis of private-sector investment in brazil |
publishDate |
2014 |
url |
http://hdl.handle.net/11362/10819 |
work_keys_str_mv |
AT ribeiromarciobruno aneconometricanalysisofprivatesectorinvestmentinbrazil AT teixeirajoaniliorodolpho aneconometricanalysisofprivatesectorinvestmentinbrazil AT ribeiromarciobruno econometricanalysisofprivatesectorinvestmentinbrazil AT teixeirajoaniliorodolpho econometricanalysisofprivatesectorinvestmentinbrazil |
_version_ |
1718440772160716800 |