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Public expenditure on infrastructure and economic growth across Brazilian states

Author

Listed:
  • Frederico G. Jayme Jr.

    (Cedeplar-UFMG)

  • Guilherme Jonas C. da Silva

    (Cedeplar-UFMG)

  • Ricardo S. Martins

    (Cedeplar-UFMG)

Abstract

This paper aims at analyzing theoretically and empirically the role of infrastructure expenditure on economic growth in Brazil from 1986 to 2003. The hypothesis is that public infrastructure expenditures in transport are central to foster sustainable growth in Brazil. Theoretical and empirical literature highlights the fact that this type of investment fosters economic growth and the multiplier by means of its effects on productivity. By using a panel data model to Brazilian states, conclusions highlight the fact that infrastructure investments are one of the demand constraints to growth in Brazil.

Suggested Citation

  • Frederico G. Jayme Jr. & Guilherme Jonas C. da Silva & Ricardo S. Martins, 2009. "Public expenditure on infrastructure and economic growth across Brazilian states," Textos para Discussão Cedeplar-UFMG td346, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td346
    as

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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20346.pdf
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    References listed on IDEAS

    as
    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    2. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, April.
    3. Fabiana Rocha & Ana Carolina Giuberti, 2005. "Composição Do Gasto Público E Crescimento Econômico: Um Estudo Em Painel Para Os Estados Brasileiros," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 049, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Farhadi, Minoo, 2015. "Transport infrastructure and long-run economic growth in OECD countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 74(C), pages 73-90.

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    More about this item

    Keywords

    Investments; Public Policies; Economic Growth; Brazil;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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