Filling the Gap: Infrastructure Investment in Brazil

By Mercedes Garcia-Escribano, Carlos Góes, Izabela Karpowicz

July 29, 2015

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Mercedes Garcia-Escribano, Carlos Góes, and Izabela Karpowicz. Filling the Gap: Infrastructure Investment in Brazil, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Infrastructure bottlenecks have been identified as a key obstacle to growth affecting productivity and market efficiency, and hindering domestic integration and export performance. This paper assesses the state of Brazil’s infrastructure, in light of past investment trends and various quality and quantity indicators. Brazil’s infrastructure stock and its quality rank low in relation to that of comparator countries, chosen amongst main export competitors. We provide evidence that infrastructure affects domestic integration by analyzing price convergence of tradable goods across major cities. The government’s concession program will narrow part of the infrastructure gap, however, governance reforms will be crucial to improving investment efficiency.

Subject: Expenditure, Exports, Infrastructure, International trade, National accounts, Private investment, Public investment spending, Transportation

Keywords: Africa, Custo Brasil, Domestic Market Integration, Export category, Exports, Infrastructure, Infrastructure investment, Infrastructure quality, Market segmentation, Physical capital, Private investment, Public Investment, Public investment spending, Transportation, Transportation mix, WP

Publication Details

Pages:

20
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2015/180
Stock No:

WPIEA2015180
ISBN:

9781513509532
ISSN:

1018-5941

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