ESTOQUE DE CAPITAL FIXO NO BRASIL, 1950-2002

Lucilene Morandi and Eustáquio J. Reis

Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32th Brazilian Economics Meeting] from ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]

Abstract: This paper estimates the stock of fixed capital for Brazil, 1950-2002 by the perpetual inventory method. Estimates are disaggregated according to the type of capital (construction and machines and equipments), institutional sector (government and private). Main source of data are the series on gross investment 1947-2002 produced by IBGE/Contas Nacionais and historical estimates for 1901-1946. Government investment for states and municipalities 1901-1946 are estimated. Results show that Brazilian capital-output ratio come close to 3 in recent years. Both in historical perspective and when compared to other countries in Latin America and elsewhere these value of estimates are reasonable. Brazilian depreciation rates are close to 12% of GDP in the last decade. The composition of the capital stock show Construction and in particular Residence as the main components of the capital stock.

JEL-codes: E20 E10 (search for similar items in EconPapers)
Date: 2004
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