Big Push and fixed public investments in Brazil: a balance sheet of the first decade of the 2000s

Abstract

Http://dx.doi.org/10.5007/2175-8085.2015v18n2p1

The paper presents an extension of Keynesian inspiration to Rosenstein Rodan's big push model, which focuses on the role of public fixed investment as an important stimulus factor for private investment, with an exogenous shock to economic growth. This theoretical framework is the background for an analysis of the importance of public fixed investments in Brazil in the 2000s, including comparisons with previous decades. The main conclusion is that the Brazilian State, historically, plays a coordinating role in important fixed investments, such as in infrastructure, which is fundamental to induce the long-term economic growth of the Brazilian economy. In this sense, data on fixed investments in Brazil, from national and international sources, are presented and discussed.