INVESTMENT IN INFRASTRUCTURE IN EUROPE AND BRAZIL

EXPECTATIONS AND RESULTS OF THE PUBLIC GUARANTEES SYSTEM

Authors

  • Antonio José Alves Junior UFRRJ
  • Andre de Melo Modenesi IE/UFRJ
  • Lucas Bressan de Andrade UNICAMP
  • Gabriel Guerra

Keywords:

public guarantees, investment in infrastructure, Brazil, Europe

Abstract

Since 2008, both in Brazil and in Europe have arisen a consensus about the importance of infrastructure investments to pave the long-term growth and stimulate aggregate demand in the present, contributing to the resumption of growth. It happens that, in both places, economic policy is dominated by fiscal austerity. Therefore, investments in infrastructure would have to be realized and financed by the private sector. To do so, one of the mechanisms to stimulate the private sector would be the improvement of public guarantees for this kind of investment. This article discusses the extent to which it would be possible, based on European experience, to focus on this mechanism to induce increased investments in infrastructure, considering their specificities.

Author Biographies

Antonio José Alves Junior, UFRRJ

Associate Professor at the Department of Economic Sciences of the Federal Rural University of Rio de Janeiro (UFRRJ).

Andre de Melo Modenesi, IE/UFRJ

Associate Professor at the Economics Institute of the Federal University of Rio de Janeiro (IE/UFRJ); and researcher for the National Council for Scientific and Technological Development (CNPq).

Lucas Bressan de Andrade, UNICAMP

Economist

Gabriel Guerra

Economist

Published

2018-01-10

How to Cite

Alves Junior, A. J. ., Modenesi, A. de M. ., Andrade, L. B. de ., & Guerra, G. . (2018). INVESTMENT IN INFRASTRUCTURE IN EUROPE AND BRAZIL: EXPECTATIONS AND RESULTS OF THE PUBLIC GUARANTEES SYSTEM. Revista Tempo Do Mundo, 4(1), 147-177. Retrieved from https://www.ipea.gov.br/revistas/index.php/rtm/article/view/5

Issue

Vol. 4 No. 1 (2018)

Section

Artigos

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