Private investment in transportation infrastructure in Brazil: the effects of state action

Resumen

Abstract

Purpose – The purpose of this paper is to discuss the impacts of the investment programs created by the Brazilian federal government on private investment in transportation infrastructure (crowding-in effect). Design/methodology/approach – The study used two quantitative techniques of data analysis: cluster analysis and panel data analysis. Findings – The results show that the investment programs created by the Brazilian federal government were successful in attracting private agents to invest in transportation infrastructure in the country. This effect is observed even in the cases of programs focused on public investments. Research limitations/implications – Advancing the research area that seeks to assess the impact of public policies is the main practical and social implications of the papers. As a research limitation we can highlight that need for a comparison to other country investment's public policies. Practical implications – Performance of public policies. Social implications – Economic development. Originality/Value – The paper discusses the effects of the Brazilian Federal Government programs for infrastructure investment in the private investment in the country (investment in transportation infrastructure). The issue is relevant for policies makers.