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Filling the Gap: Infrastructure Investment in Brazil
Author:
Ms. Mercedes Garcia-Escribanonull

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,
Carlos Góes
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, and
Ms. Izabela Karpowicz
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Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 180
Language:
English
Publication Date:
29 Jul 2015
DOI:
https://doi.org/10.5089/9781513509532.001
ISBN:
9781513509532
ISSN:
1018-5941
Pages:
20
Keywords:
WP; market segmentation; Infrastructure; Public Investment; Domestic Market Integration; infrastructure investment; transportation mix; export category; infrastructure quality; custo Brasil; physical capital; Transportation; Private investment; Public investment spending; Exports; Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2015: Issue 180