An econometric analysis of private-sector investment in Brazil

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cepal.callNumberX/C 22(74/2001)
cepal.docTypeRevistas
cepal.idSade19906
cepal.topicEngINVESTMENT
cepal.topicEngSOCIAL INVESTMENT/SPENDING
cepal.topicSpaINVERSIÓN
cepal.topicSpaINVERSIÓN/GASTO SOCIAL
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSOCIAL DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaDESARROLLO SOCIAL
dc.contributor.authorRibeiro, Marcio Bruno
dc.contributor.authorTeixeira, Joanílio Rodolpho
dc.coverage.spatialEngBRAZIL
dc.coverage.spatialSpaBRASIL
dc.date.accessioned2014-01-02T18:42:50Z
dc.date.available2014-01-02T18:42:50Z
dc.date.issued2001-08
dc.descriptionIncludes bibliography
dc.description.abstractThis article analyses the main determinants of private-sector investment in Brazil during the period 1956-1996, using an empirical model employed in the most recent studies on developing countries. The econometric procedures followed not only take into account the non-stationarity of the data series examined, but allow for the possible difficulties involved in treating the conditioning variables as exogenous ones or as policy instruments. The findings -both the long-term equations and the short-term models- reveal the positive impact of the output, public investment and financial credit variables and the negative effect of the exchange rate. The results of the weak exogeneity and superexogeneity tests show the importance of credit and public investment as economic policy instruments, while obviating Lucas' critique.
dc.formatTexto
dc.format.extentpáginas. 153-166
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2135-P
dc.identifier.urihttps://hdl.handle.net/11362/10819
dc.language.isoeng
dc.physicalDescriptionp. 153-166
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo74
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngMODELS
dc.subject.unbisEngINVESTMENTS
dc.subject.unbisEngPUBLIC INVESTMENT
dc.subject.unbisSpaMODELOS
dc.subject.unbisSpaINVERSION PUBLICA
dc.subject.unbisSpaINVERSIONES
dc.titleAn econometric analysis of private-sector investment in Brazil
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication91c1628d-5b5c-49c7-b499-ea741d86020d
relation.isAuthorOfPublicationd6000dc5-a7e3-4bcc-8b2f-7b9d877c77fe
relation.isAuthorOfPublication.latestForDiscovery91c1628d-5b5c-49c7-b499-ea741d86020d
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