O investimento em infra-estrutura no Brasil: histórico recente e perspectivas

Abstract

This paper establishes how much the public and private sectors have invested in infrastructure in Brazil in recent years, and what explains the investment behavior in water, telecommunications, transport – in its different modalities–and electric power. Compared to other emerging (as well as developed) economies, Brazil invests a modest proportion of its GDP–2%–insufficient to take into account depreciation of capital assets. Fundamentally, it is a case of massive state failures, in planning, finance and implementation of its investments, combined with institutional fragility and uncertainty of the regulatory environment.