Relação capital/produto incremental: estimativas para o período 1948/87

Abstract

In this paper the values of the incremental capital/output ratio in the 1948/87 period are estimated taking into account changes in the degree of capacity utilization. This ratio is found to have increased significantly, possibly as a result of a) an increase in the relative Price of investment goods; b) - a more significant role of capital as a source of potential output growth; c) the changes in the composition of investment; and d) the reallocation of investment and output accross sectors.