Estado e novo arranjo para o financiamento do investimento público no Brasil

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The logic of Keynesian thinking shows how the uncertainty involved in the immobilization of capital restricts the dynamics of the economy and the need to promote institutions that reduce risk conditions. For decades, the Brazilian economy has been facing low dynamism, culminating in the worst recession in its history. One reason for this trend could be in the form of state integration into domestic investment, which did not fail to build institutions aimed at raising capital and promoting growth. The assembly of a new pattern of funding, however, is crucial to making the state's active presence in development more effective. This paper advocates a new institutional and financial logic, with concessions and PPP instruments to improve the quality of such state intervention.

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