The impact of public investment and infrastructure on private investment decisions
DOI:
https://doi.org/10.5902/1414650971216Keywords:
Private Investment, Infrastructure, Brazilian EconomyAbstract
This study presents an analysis of the determinants of private investment in Brazil between 1971 and 2016. Some investment theories are presented to support the empirical analysis, among which the neoclassical theory, the Keynesian theory, and the ambiguity that public spending has on developing economies. development. Through the methodology of autoregressive vectors, it is observed that public spending and the expansion of infrastructure have a positive impact on the investment decisions of the private sector. On the other hand, the increase in the cost of capital as well as taxes negatively influence the gross formation of fixed capital in the private sector.
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