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Assimetria e concentração: um estudo empírico da distribuição de investimentos previstos para o Estado do Espírito Santo, 2009-2014 [Asymmetry and concentration: an empirical study of the predicted investment distribution for the state of Espírito Santo, 2009-2014]


  • Matheus Albergaria de Magalhães


  • Victor Nunes Toscano



This paper aims to provide a detailed statistical descriptive analysis for the distribution of regional investments. In doing so, it used a novel dataset related to planned investment projects for Espírito Santo's municipalities during the 2009-2014 period. Additionally, we present results related to these investment values in order to test the empirical validity of Zipf's Law for the distribution under analysis. These results are important for the identification of empirical patterns related to the spatial distribution of investment projects, and may be useful for the formulation and implementation of public policies aimed at developing specific localities.

Suggested Citation

  • Matheus Albergaria de Magalhães & Victor Nunes Toscano, 2012. "Assimetria e concentração: um estudo empírico da distribuição de investimentos previstos para o Estado do Espírito Santo, 2009-2014 [Asymmetry and concentration: an empirical study of the predicted in," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 22(2), pages 333-377, May-Augus.
  • Handle: RePEc:nov:artigo:v:22:y:2012:i:2:p:333-377

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    References listed on IDEAS

    1. Sebastian Edwards, 1995. "Why are Saving Rates so Different Across Countries?: An International Comparative Analysis," NBER Working Papers 5097, National Bureau of Economic Research, Inc.
    2. Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Oxford University Press, vol. 14(4), pages 375-393, December.
    3. Pereira, Luiz C. Bresser, 2004. "Exchange rate: fix, float, or manage it?," Textos para discussão 135, FGV/EESP - Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
    4. Reinhart, Carmen M. & Talvi, Ernesto, 1998. "Capital flows and saving in Latin America and Asia: a reinterpretation," Journal of Development Economics, Elsevier, pages 45-66.
    5. Frank Windmeijer, 2000. "A finite sample correction for the variance of linear two-step GMM estimators," IFS Working Papers W00/19, Institute for Fiscal Studies.
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    More about this item


    regional economics; investment; Zipf's Law; Espírito Santo;

    JEL classification:

    • C16 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Econometric and Statistical Methods; Specific Distributions
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock


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