IDEAS home Printed from https://ideas.repec.org/a/fgv/epgrbe/v62y2008i2a1027.html
   My bibliography  Save this article

Efeitos de Crescimento e Bem-estar da Lei de Parceria Público-Privada no Brasil

Author

Listed:
  • Ferreira, Pedro Cavalcanti
  • Pereira, Ricardo A. de castro

Abstract

Este artigo utiliza um modelo dinâmico de equilíbrio geral para investigar os impactos de crescimento econômico e bem estar associados à política de parceria público-privada (PPP) no Brasil. Assume-se uma economia com capital privado e infra-estrutura pública e privada e um governo que, além de investir, arrecada impostos, recebe renda de seus serviços e transfere renda para os indivíduos. O modelo é calibrado para a economia brasileira utilizando metodologia padrão e buscando reproduzir os mecanismos da Lei 11.079, de dezembro de 2004, que criou a PPP no Brasil. As simulações indicam que o impacto potencial da Lei das PPPs sobre o crescimento e o bem estar é pouco significativo. No longo prazo, no melhor dos cenários, o produto estaria somente 5% acima de sua tendência atual. Se associada a uma política de investimento público financiado com redução de gastos correntes, o impacto poderia ser muito mais relevante. Entretanto, a redução temporária das transferências - que ficariam, na melhor das hipóteses, até 18 anos abaixo da tendência atual - configura-se como um sério impedimento político para este tipo de política.

Suggested Citation

  • Ferreira, Pedro Cavalcanti & Pereira, Ricardo A. de castro, 2008. "Efeitos de Crescimento e Bem-estar da Lei de Parceria Público-Privada no Brasil," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 62(2), October.
    • Handle: RePEc:fgv:epgrbe:v:62:y:2008:i:2:a:1027
    as

    Download full text from publisher

    File URL: https://periodicos.fgv.br/rbe/article/view/1027
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Suescun, Rodrigo, 2005. "Fiscal space for investment in infrastructure in Colombia," Policy Research Working Paper Series 3629, The World Bank.
    2. Ellen R. McGrattan & Edward C. Prescott, 2005. "Productivity and the post-1990 U.S. economy," Review, Federal Reserve Bank of St. Louis, vol. 87(Jul), pages 537-550.
    3. Easterly, William & Rebelo, Sergio, 1993. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
    4. Chari, V V & Christiano, Lawrence J & Kehoe, Patrick J, 1994. "Optimal Fiscal Policy in a Business Cycle Model," Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 617-652, August.
    5. Issler, João Victor & Ferreira, Pedro Cavalcanti, 1998. "Time-series properties and empirical evidence of growth and infraestructure: revised version," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 336, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    6. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    7. Turnovsky, Stephen J. & Fisher, Walter H., 1995. "The composition of government expenditure and its consequences for macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 19(4), pages 747-786, May.
    8. Kevin T. Duffy-Deno & Randall W. Eberts, 1996. "Public Infrastructure and Regional Economic Development: A Simultaneous Equations Approach," Book chapters authored by Upjohn Institute researchers, in: Niles Hansen & Kenneth J. Button & Peter Nijkamp (ed.),Regional Policy and Regional Integration, pages 295-309, W.E. Upjohn Institute for Employment Research.
    9. Issler, João Victor & Ferreira, Pedro Cavalcanti, 1998. "Time-Series Properties and Empirical Evidence of Growth and Infrastructure," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 18(1), May.
    10. Nouriel Roubini & Jeffrey Sachs, 1989. "Government Spending and Budget Deficits in the Industrial Economies," NBER Working Papers 2919, National Bureau of Economic Research, Inc.
    11. Charles R. Hulten, 1996. "Infrastructure Capital and Economic Growth: How Well You Use It May Be More Important Than How Much You Have," NBER Working Papers 5847, National Bureau of Economic Research, Inc.
    12. Ferreira, Pedro Cavalcanti & Araújo, Carlos Hamilton Vasconcelos, 2006. "On the economic and fiscal effects of infrastructure investment in Brazil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 613, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    13. Ferreira, Pedro Cavalcanti, 1998. "Public versus private provision of infrastructure in a neoclassical growth model," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 339, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    14. Mintz, Jack M. & Smart, Michael, 2006. "Incentives for public investment under fiscal rules," Policy Research Working Paper Series 3860, The World Bank.
    15. Blanchard, Olivier & Giavazzi, Francesco, 2004. "Improving the SGP Through a Proper Accounting of Public Investment," CEPR Discussion Papers 4220, C.E.P.R. Discussion Papers.
    16. Glomm, Gerhard & Ravikumar, B., 1997. "Productive government expenditures and long-run growth," Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 183-204, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guillermo Perry & Luis Servén & Rodrigo Suescún, 2008. "Fiscal Policy, Stabilization, and Growth : Prudence or Abstinence," World Bank Publications, The World Bank, number 6818, September.
    2. Pereira, Ricardo A. de Castro & Ferreira, Pedro Cavalcanti, 2010. "Avaliação dos Impactos Macro-Econômicos e de Bem-Estar da Reforma Tributária no Brasil," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 64(2), June.
    3. Werneck, Rogério L.F. & Irwin, Timothy & Sturzenegger, Federico & Perry, Guillermo & Servén, Luis & Mihov, Ilian & Giavazzi, Francesco & Blanchard, Olivier & Araújo, Carlos Hamilton Vasconcelos & Sues, 2008. "Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?," IDB Publications (Books), Inter-American Development Bank, number 356, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ferreira, Pedro Cavalcanti & Nascimento, Leandro Gonçalves do, 2005. "Welfare and growth effects of alternative fiscal rules for infrastructure investment in Brazil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 604, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    2. Suescun, Rodrigo, 2005. "Fiscal space for investment in infrastructure in Colombia," Policy Research Working Paper Series 3629, The World Bank.
    3. Pereira, Ricardo Antonio de Castro & Ferreira, Pedro Cavalcanti, 2006. "Impactos de bem-estar da privatização de infra-estrutura," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 633, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    4. Bom, Pedro R.D. & Ligthart, Jenny E., 2014. "Public infrastructure investment, output dynamics, and balanced budget fiscal rules," Journal of Economic Dynamics and Control, Elsevier, vol. 40(C), pages 334-354.
    5. Rafaela Mª Pérez Sánchez, 2004. "Characterizing the Optimal Composition of Government Expenditures," Documentos de Trabajo del ICAE 0409, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    6. Ward Romp & Jakob De Haan, 2007. "Public Capital and Economic Growth: A Critical Survey," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(S1), pages 6-52, April.
    7. Silvia Bertarelli, 2006. "Public capital and growth," Politica economica, Società editrice il Mulino, issue 3, pages 361-398.
    8. Carboni, Oliviero & Russu, Paolo, 2011. "The Conditions for a Balanced Growth in a Model with Public Finance: an Analytic Solution," MPRA Paper 36600, University Library of Munich, Germany.
    9. Marie-Ange VEGANZONES-VAROUDAKIS, 2000. "Infrastructures, investissement et croissance : un bilan de dix années de recherches," Working Papers 200007, CERDI.
    10. Calderon, Cesar & Serven, Luis, 2004. "The effects of infrastructure development on growth and income distribution," Policy Research Working Paper Series 3400, The World Bank.
    11. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    12. Ferreira, Pedro Cavalcanti & Araújo, Carlos Hamilton Vasconcelos, 2006. "On the economic and fiscal effects of infrastructure investment in Brazil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 613, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    13. Oliviero A. Carboni & Paolo Russu, 2013. "A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution," International Journal of Economics and Financial Issues, Econjournals, vol. 3(1), pages 1-13.
    14. William Easterly & Timothy Irwin & Luis Servén, 2008. "Walking up the Down Escalator: Public Investment and Fiscal Stability," The World Bank Research Observer, World Bank, vol. 23(1), pages 37-56, January.
    15. Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2015. "Long-run growth and welfare in a two sector endogenous growth model with productive and non-productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 218-234.
    16. Groneck, Max, 2010. "A golden rule of public finance or a fixed deficit regime?: Growth and welfare effects of budget rules," Economic Modelling, Elsevier, vol. 27(2), pages 523-534, March.
    17. Hans Pitlik, 2010. "Fiscal Governance and Government Investment in Europe since the 1990s," WIFO Working Papers 370, WIFO.
    18. Shaheen Naseer, 2019. "Public Spending, Quality of Bureaucracy and Economic Growth: A Theoretical Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 58(2), pages 203-221.
    19. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Reprint to: Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1405-1423, September.
    20. Carlos Gustavo Machicado & Paúl Estrada, 2012. "Fiscal policy and economic growth: a simulation analysis for Bolivia," Analítika, Analítika - Revista de Análisis Estadístico/Journal of Statistical Analysis, vol. 4(2), pages 57-79, Diciembre.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fgv:epgrbe:v:62:y:2008:i:2:a:1027. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Núcleo de Computação da FGV EPGE (email available below). General contact details of provider: https://edirc.repec.org/data/epgvfbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.