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Public and private investments in Brazil between 1996 and 2018

Author

Listed:
  • Sabrina Monique Schenato Bredow
  • André Moreira Cunha
  • Marcos Tadeu Caputi Lélis

Abstract

This work analyzes the dynamic effects generated by public investmentson private investments in machinery and equipment in Brazil, between 1996 and 2018.Theories based on the principle of effective demand support the hypothesis formulatedabout the complementarity between public and private investments. We have developed an analytical scheme that identifi es the induction channels for public investments for privateones, through demand and supply sides of the economy. From an empirical point of view,the work uses the specifi cation of the econometric model of Autoregressive Vectors (VAR)that allows treating public investments as exogenous to the system. The results show thatan increase in public investments boosts private investments during the analyzed period. JEL Classification: O11; E22; O23.

Suggested Citation

  • Sabrina Monique Schenato Bredow & André Moreira Cunha & Marcos Tadeu Caputi Lélis, 2022. "Public and private investments in Brazil between 1996 and 2018," Brazilian Journal of Political Economy, Center of Political Economy, vol. 42(4), pages 957-976.
    • Handle: RePEc:ekm:repojs:v:42:y:2022:i:4:p:957-976:id:2373
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    More about this item

    Keywords

    Public investment; private investment; Brazil; economic growth;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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