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Transport infrastructure investment and regional inequalities in Brazil: an Analysis of the impacts of the Growth Acceleration Program (PAC)

Author

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  • Guilherme Jonas Costa da Silva
  • Humberto Eduardo de Paula Martins
  • Henrique Dantas Neder

Abstract

The article analyses the effects of investments in infrastructure – in particular regarding transport sector carried out under the Growth Acceleration Program (PAC) – on the Brazilian regional dynamics.The hypotheses investigated in the study are: (i) infrastructure investments have contributed to the economic growth of the Brazilian states; (ii) PAC’s infrastructure investments have helped to increase the economic growth rates of the Brazilian states, (iii) PAC’s infrastructure investments have changed the dispersion of economic growth rates between states, in favor of poorer states. We employ the methodology of panel data for the estimates and Bootstrapping for predictions. The empirical results only confirmed the first hypotheses, but not the last two ones, indicating that the PAC has not contributed significantly to amplify the average rate of growth of GDP per capita at state level; and also that PAC has not contributed to reduce regional inequalities. JEL Classification: H54; O40; C53.

Suggested Citation

  • Guilherme Jonas Costa da Silva & Humberto Eduardo de Paula Martins & Henrique Dantas Neder, 2016. "Transport infrastructure investment and regional inequalities in Brazil: an Analysis of the impacts of the Growth Acceleration Program (PAC)," Brazilian Journal of Political Economy, Center of Political Economy, vol. 36(4), pages 840-863.
    • Handle: RePEc:ekm:repojs:v:36:y:2016:i:4:p:840-863:id:210
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    More about this item

    Keywords

    Transports Infrastructure; Regional Development; Growth Acceleration Program (PAC); Panel Data; bootstrapping; Brazil;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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