O investimento em infra-estrutura e a retomada do crescimento econômico sustentado

Abstract

The recovery of the infrastructure investment is a necessary condition for the resumption of the sustained growth in the Brazilian economy. The infrastructure investment impacts positively on the economic growth because it increases the rate of return of private inputs and stimulates private investment and employment. Nonetheless, given the externalities associated with the supply of infrastructure services, the private investment in this sector may be suboptimal. In this context, the provision of appropriate incentives, particularly the supply of credit with adequate conditions, has a role to play. This article aims at highlighting the importance of the infrastructure investment for the resumption of the sustained economic growth in Brazil. A model of macroeconomic consistency is used to measure the expected impacts of the additional infrastructure investment on relevant macroeconomic variables, such as the GDP growth, the productivity growth, the investment rate, exports, imports, trade balance, foreign saving and public saving.