Does the Growth Acceleration Program Accelerate Growth?
Does the Growth Acceleration Program Accelerate Growth?
| dc.creator | Mereb, Julio | |
| dc.creator | Zilberman, Eduardo | |
| dc.date | 2012-04-25 | |
| dc.date.accessioned | 2022-11-03T21:19:19Z | |
| dc.date.available | 2022-11-03T21:19:19Z | |
| dc.identifier | https://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/9535 | |
| dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/5048024 | |
| dc.description | In this paper, we introduce the required time lag for the public investment to be turned into public capital (time-to-build process) in the neoclassical growth model, as well as distortionary tax rates that are adjusted according to the level of public debt. The purpose is to quantitatively isolate the macroeconomic effects of the increase in public investment observed in PAC (Portuguese acronym for Growth Acceleration Program). Depending on the time lag associated to the time-to-build process and the fiscal adjustment policy,PAC could have led to a GDP decrease between 0.2% and 0.4% in up to four years. | en-US |
| dc.description | Neste artigo, introduz-se ao modelo de crescimento neoclássico a defasagem necessária para que o investimento público se consolide em capital público (processo time-to-build), assim como alíquotas tributárias distorcivas que se ajustam de acordo com a dívida acumulada pelo setor público. O objetivo é isolar quantitativamente o efeito do aumento do investimento público observado no Programa de Aceleração do Crescimento (PAC). Dependendo da defasagem associada ao processo time-to-build e da política de ajuste fiscal consideradas, o PAC pode ter induzido uma queda do produto entre 0,2% e 0,4% em um horizonte de até quatro anos. | pt-BR |
| dc.format | application/pdf | |
| dc.language | eng | |
| dc.publisher | Sociedade Brasileira de Econometria | en-US |
| dc.relation | https://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/9535/10174 | |
| dc.source | Brazilian Review of Econometrics; Vol. 32 No. 2 (2012); 133-167 | en-US |
| dc.source | Brazilian Review of Econometrics; v. 32 n. 2 (2012); 133-167 | pt-BR |
| dc.source | 1980-2447 | |
| dc.subject | investimento público | en-US |
| dc.subject | time-to-build | en-US |
| dc.subject | crescimento | en-US |
| dc.subject | H54 | en-US |
| dc.subject | O41 | en-US |
| dc.subject | investimento público | pt-BR |
| dc.subject | time-to-build | pt-BR |
| dc.subject | crescimento | pt-BR |
| dc.subject | H54 | pt-BR |
| dc.subject | O41 | pt-BR |
| dc.title | Does the Growth Acceleration Program Accelerate Growth? | en-US |
| dc.title | Does the Growth Acceleration Program Accelerate Growth? | pt-BR |
| dc.type | info:eu-repo/semantics/article | |
| dc.type | info:eu-repo/semantics/publishedVersion |