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Infrastructure investment in Brazil

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Author(s):
Tiago Toledo Ferreira
Total Authors: 1
Document type: Master's Dissertation
Press: São Paulo.
Institution: Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD)
Defense date:
Examining board members:
Carlos Roberto Azzoni; Werner Baer; Andre Franco Montoro Filho
Advisor: Carlos Roberto Azzoni
Abstract

This work follows the investment evolution in the infrastructure sector since the 60s. The investigated series are subjected to econometric tests proposed by Bai and Perron (1998, 2003b) that, ultimately, seek to identify possible structural breaks and try to link them to institutional changes. The follow segments were: road, rail, electric power and telecommunications. The tests found breaks related to the peak and the collapse of the former arrangement reforms, respectively in mid-70s and in late 80s. The only break associated with recent changes was found in the telecommunications segment. Additionally, this work presents conceptual basis to support the analysis of the recent developments in the infrastructure sector. (AU)