Filling the Gap: Infrastructure Investment in Brazil

IMF Working Papers, July 29, 2015

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Filling the Gap: Infrastructure Investment in Brazil

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Bibliographic details

• Authors: Mercedes Garcia-Escribano, Carlos Góes, Izabela Karpowicz
• Published: July 29, 2015
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781513509532.001

Summary

• Infrastructure bottlenecks identified as a key obstacle to growth, affecting productivity and market efficiency, and hindering domestic integration and export performance.
• 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.
• Evidence provided 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; governance reforms will be crucial to improving investment efficiency.

Key findings on infrastructure stock and quality

• Brazil’s infrastructure stock and its quality rank low relative to comparator countries (main export competitors).
• Past investment trends and multiple quality and quantity indicators support the assessment of a sizable infrastructure gap.

Evidence on domestic integration and market effects

• Analysis focuses on price convergence of tradable goods across major cities to demonstrate how infrastructure affects domestic integration.
• Market segmentation and high transaction costs implied by infrastructure bottlenecks impede domestic integration and export performance.

Policy implications and recommendations

• The government’s concession program expected to narrow part of the infrastructure gap.
• Governance reforms emphasized as crucial to improving investment efficiency and the effectiveness of infrastructure spending.

Subject tags and keywords (as presented)

• 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 and document specifics

• By Mercedes Garcia-Escribano, Carlos Góes, Izabela Karpowicz
• July 29, 2015
• Pages: 20
• Volume: 2015
• Issue: 180
• Series: Working Paper No. 2015/180
• DOI: https://doi.org/10.5089/9781513509532.001
• Stock No: WPIEA2015180
• ISBN: 9781513509532
• ISSN: 1018-5941
• Citation preview (as presented): Mercedes Garcia-Escribano, Carlos Góes, and Izabela Karpowicz. "Filling the Gap: Infrastructure Investment in Brazil", IMF Working Papers 2015, 180 (2015), accessed 9/17/2026, https://doi.org/10.5089/9781513509532.001

IMF Working Papers — Filling the Gap: Infrastructure Investment in Brazil

Content in this bundle

• 1. Brazil: Metro Area CPI Divergence Half Lives
  • 1. Brazil: Metro Area CPI Divergence Half Lives (Markdown version)
  • 1. Brazil: Metro Area CPI Divergence Half Lives (PDF)