Gross fixed capital formation in Minas Gerais during the period 2005-2009: bottleneck in highway infrastructure and more elaborated capital goods production.

Abstract

This paper aims to carry out a mapping of investments or, in more technical language, the Gross Fixed Capital Formation (GFCF) in Minas Gerais in the period 2005-2009. The methodology used for this purpose is to reference the results of the calculation of GFCF by FJP and other supplementary data sources. Briefly, it is intended to detail the investments with respect to their origin, use and composition; quantifying public investments by the state; analyze the weight of investments in infrastructure and identify potential bottlenecks for the establishment of public policies. Wherever possible, we sought to characterize the behavior of GFCF by means of economic theories of the determinants of investment.