Abstract
This article considers the relationship between growth and infrastructure spending in the Brazilian context and the nature and causes of infrastructural underinvestment. The paper begins by considering the relationship between infrastructural investment and economic growth on both a national and regional basis. Next, focusing on the critical urban transportation sector, the paper gauges the infrastructural shortfall facing Brazil and the policies designed to overcome it. Given the obvious importance of infrastructure, why has investment not been higher? In the final section we argue that a central reason for this lies in regulatory design and implementation.
Original language | English |
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Pages (from-to) | 66-73 |
Number of pages | 8 |
Journal | Quarterly Review of Economics and Finance |
Volume | 62 |
DOIs | |
Publication status | Published - 1 Nov 2016 |
Keywords
- 12.009: L9 – Industry Studies
- 15.001: O1 – Economic Development
- 15.002: O2 – Development Planning and Policy
- 18.004: R4 – Transportation Systems
- Brazil
- Growth
- Infrastructure
- Regulation
- Transportation and Utilities
Research Beacons, Institutes and Platforms
- Global Development Institute