Investimentos em Infra-Estrutura e Produtividade Total dos Fatores na Agricultura Brasileira, 1985 - 2004

Sergio Magno Mendes, Marcio Salvato (), Erly Cardoso Teixeira and Sérgio Magno Mendes

Revista Brasileira de Economia - RBE, 2009, vol. 63, issue 2

Abstract: Infrastructure investments reduced significantly since the decade of 1980, compromising Total Factor Productivity (TFP) and Brazilian agricultural competitivity. Solow’s growth model with panel data is used to estimate TFP. An adaptation of the model of Zhang and Fan (2004) for India, using the Generalized Method of Moments, was applied to verify the effect of infrastructure investments on TFP. Estimations suggest that these investments affect agriculture TFP in the first years and its return occurs in the period of 0 to 2 years. Road investments have the highest impact on TFP, followed by investments on research, telecommunications, irrigation, and electric energy.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgrbe:v:63:y:2009:i:2:a:1016

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