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Impacto dos investimentos do PAC em Minas Gerais: efeitos sobre crescimento e desigualdade

Author

Listed:
  • Edson Paulo Domingues

    (Cedeplar-UFMG)

  • Aline Souza Magalhães

    (Cedeplar-UFMG)

  • Weslem Rodrigues Faria

    (Cedeplar-UFMG)

Abstract

The Brazilian federal government has recently set out plans encompassing detailed public expenditure programs and targets on infra-structure investment (PAC, Programa de Aceleração do Crescimento). We investigate the sectoral, regional and national economic consequences of the PAC in Minas Gerais. Our modeling encompasses much detail. Firstly, we use a large-scale multi-regional CGE model of Brazil. The model is both bottom-up and top-down: bottom-up for Brazil's 27 states, and top-down for Brazil's 558 microrregions. Despite the high level of regional disaggregation, the level of sectoral disaggregation is also high, at 36 sectors. Secondly, we model the PAC in detail, considering each of the 9 sets of expenditure programs under the 2008-11 plan. We find that the PAC can have strong impacts in Minas Gerais, but can contribute to a increase in regional inequality in the state in long run.

Suggested Citation

  • Edson Paulo Domingues & Aline Souza Magalhães & Weslem Rodrigues Faria, 2008. "Impacto dos investimentos do PAC em Minas Gerais: efeitos sobre crescimento e desigualdade," Textos para Discussão Cedeplar-UFMG td339, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td339
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    Keywords

    regional modeling; general equilibrium; infrastructure; regional inequality; Brazil;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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