Proposal of economic policy for the financing of public investment in Brazil

This paper aims to discuss an alternative, but still preliminary, proposal of economic policy aimed at resuming public investment in Brazil from the use of surplus foreign exchange reserves. Based on the Principle of Effective Demand, it is understood that public investment assumes a strategic funct...

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Detalles Bibliográficos
Autores principales: Universidade Federal Fluminense, Oliveira, Cinthia Rodrigues de
Formato: Artículo publishedVersion Artigo Avaliado pelos Pares
Lenguaje:Portugués
Publicado: Departamento de Economia 2018
Materias:
Public Investment; Foreign Exchange Reserves; Brazil;
Investimento Público; Reservas Cambiais; Brasil;
Acceso en línea:https://periodicos.fclar.unesp.br/iniciativa/article/view/11460
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=br/br-048&d=article11460oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-article11460oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Portugués
topic Public Investment; Foreign Exchange Reserves; Brazil;
Investimento Público; Reservas Cambiais; Brasil;
spellingShingle Public Investment; Foreign Exchange Reserves; Brazil;
Investimento Público; Reservas Cambiais; Brasil;
Universidade Federal Fluminense
Oliveira, Cinthia Rodrigues de
Proposal of economic policy for the financing of public investment in Brazil
topic_facet Public Investment; Foreign Exchange Reserves; Brazil;
Investimento Público; Reservas Cambiais; Brasil;
description This paper aims to discuss an alternative, but still preliminary, proposal of economic policy aimed at resuming public investment in Brazil from the use of surplus foreign exchange reserves. Based on the Principle of Effective Demand, it is understood that public investment assumes a strategic function in the economy by generating stimuli on demand and assembled supply. However, it is observed that this variable not always receives the appropriate priority and ends up being submitted to cuts in the context of fiscal adjustment. Therefore, Brazilian public investment rates behave in cycles, with a recent inflection into a downward trend that led the level of investment to levels that are similar to those from the mid-1990s. Due to the consensus in favor of a fiscal adjustment without tax increases and international reserves being above the level considered suitable, there is a proposal about using foreign exchange surpluses to finance public investment in Brazil.
format Artículo
publishedVersion
Artigo Avaliado pelos Pares
Artículo
publishedVersion
Artigo Avaliado pelos Pares
author Universidade Federal Fluminense
Oliveira, Cinthia Rodrigues de
author_facet Universidade Federal Fluminense
Oliveira, Cinthia Rodrigues de
author_sort Universidade Federal Fluminense
title Proposal of economic policy for the financing of public investment in Brazil
title_short Proposal of economic policy for the financing of public investment in Brazil
title_full Proposal of economic policy for the financing of public investment in Brazil
title_fullStr Proposal of economic policy for the financing of public investment in Brazil
title_full_unstemmed Proposal of economic policy for the financing of public investment in Brazil
title_sort proposal of economic policy for the financing of public investment in brazil
publisher Departamento de Economia
publishDate 2018
url https://periodicos.fclar.unesp.br/iniciativa/article/view/11460
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=br/br-048&d=article11460oai
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bdutipo_str Repositorios
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