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Estimativa do Estoque de Capital das Empresas Industriais Brasileiras

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  • Patrick Alves
  • Alexandre Messa Silva

Abstract

Este trabalho procura contribuir com os estudos microeconométricos da indústria brasileira por meio de uma abordagem alternativa para o cálculo do estoque de capital das firmas deste setor. De fato, a informação acerca desta variável esbarra em dois empecilhos: sua ausência no questionário da Pesquisa Industrial Anual (PIA) e o período relativamente curto - desde 1996 - pelo qual é possível realizar o acompanhamento das firmas na pesquisa. Uma segunda preocupação diz respeito ao número excessivo de missing values na declaração de aquisições de ativos tangíveis ao longo da pesquisa. A análise realizada mostrou indícios de um comportamento aleatório nas ausências de respostas, corroborando a idéia de imputação de dados nesta variável. Uma vez realizada essa imputação, tanto os fluxos de investimento quanto os estoques de capitais passaram a apresentar comportamentos semelhantes, no agregado, às séries originais. Porém, houve uma alteração significativa em seus níveis, mas ainda sem alterar suas estruturas de variabilidade. This paper intends to contribute to the microeconometric studies about Brazilian manufacturing through an alternative approach in the estimation of this sector capital stock. Actually, the information concerning this variable has - through which is possible to follow the firms in the research. A second concern is related to the excessive frequency of missing values in the reporting of acquisition of tangible assets throughout the research. The analysis undertaken revealed evidences of a random behavior in such values, corroborating the idea of data imputation in this variable. Once realized this procedure, both the investment flows and the capital stocks turned out exhibiting a similar pattern, in the aggregate, to the original series. Nevertheless, there were a significant change on their levels, but yet not altering their variability structures.

Suggested Citation

  • Patrick Alves & Alexandre Messa Silva, 2008. "Estimativa do Estoque de Capital das Empresas Industriais Brasileiras," Discussion Papers 1325, Instituto de Pesquisa Econômica Aplicada - IPEA.
    • Handle: RePEc:ipe:ipetds:1325
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    References listed on IDEAS

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    1. Frost, Peter A, 1979. "Proxy Variables and Specification Bias," The Review of Economics and Statistics, MIT Press, vol. 61(2), pages 323-325, May.
    2. Wickens, Michael R, 1972. "A Note on the Use of Proxy Variables," Econometrica, Econometric Society, vol. 40(4), pages 759-761, July.
    3. McCallum, B T, 1972. "Relative Asymptotic Bias from Errors of Omission and Measurement," Econometrica, Econometric Society, vol. 40(4), pages 757-758, July.
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    Cited by:

    1. Vinicius Vieira & Marcelo Resende, 2013. "Technological Regimes in the Brazilian Manufacturing Industry: An Empirical Investigation," CESifo Working Paper Series 4100, CESifo.

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