An econometric analysis of private-sector investment in Brazil

Includes bibliography

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Autores principales: Ribeiro, Marcio Bruno, Teixeira, Joanílio Rodolpho
Formato: Texto
Lenguaje:English
Publicado: 2014
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Acceso en línea:http://hdl.handle.net/11362/10819
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spelling 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
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AT ribeiromarciobruno econometricanalysisofprivatesectorinvestmentinbrazil
AT teixeirajoaniliorodolpho econometricanalysisofprivatesectorinvestmentinbrazil
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