Subsídios financeiros à infraestrutura e dinâmica do produto

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Teles, Vladimir Kuhl
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This dissertation aims to represent through a dynamic general equilibrium model – a feature of the Brazilian market – financial subsides to infrastructure sector. We simulated the effect of tax increases and monetary base increase to subsidize the infrastructure investment. We show that, in the short term, there is a contraction of the product and the infrastructure, but in the long term, there is an expansion of the product, infrastructure and welfare. These results may show different behaviors for the welfare depending on the parameter of elasticity of infrastructure in relation to income.

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