Public expenditure on infrastructure and economic growth across Brazilian states

Frederico Jayme (), Guilherme Jonas C. da Silva and Ricardo S. Martins
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Guilherme Jonas C. da Silva: Cedeplar-UFMG
Ricardo S. Martins: Cedeplar-UFMG

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: This paper aims at analyzing theoretically and empirically the role of infrastructure expenditure on economic growth in Brazil from 1986 to 2003. The hypothesis is that public infrastructure expenditures in transport are central to foster sustainable growth in Brazil. Theoretical and empirical literature highlights the fact that this type of investment fosters economic growth and the multiplier by means of its effects on productivity. By using a panel data model to Brazilian states, conclusions highlight the fact that infrastructure investments are one of the demand constraints to growth in Brazil.

Keywords: Investments; Public Policies; Economic Growth; Brazil (search for similar items in EconPapers)
JEL-codes: H54 O40 E62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe and nep-ure
Date: 2009-02

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