The Resource Raising Investment in Brazil, Jens Arnold, (electronic resource)

Raising Investment in Brazil, Jens Arnold, (electronic resource)

Label
Raising Investment in Brazil
Title
Raising Investment in Brazil
Statement of responsibility
Jens Arnold
Creator
Subject
Language
eng
Summary
Low investment rates are limiting Brazil's future potential growth rate. This paper analyses a number of potential reasons for these low investment rates and discusses policy options to achieve faster capital accumulation. A shortage of domestic saving appears to be a major constraint to higher investment rates in Brazil. Due to high levels of current expenditures, in particular pension entitlements, public sector saving is negative. In addition to being costly, the pension system redistributes income to individuals with relatively low saving propensities, thereby reducing private saving as well. In order to control pension expenses in the future, this paper suggests a number of parametric pension system reforms. Beyond a scarcity of domestic savings, major curbs on investment include the high level of real interest rates, whose reasons are not easy to pin down, and thin long term credit markets, which are dominated by the national development bank BNDES. Going forward, engaging commercial lenders in the provision of long term funding will be necessary to cover the country's investment needs. This will require leveling the playing field, which can only be achieved by removing BNDES' exclusive access to low-cost funding from a workers' welfare fund and through budget transfers. Another factor limiting investment is the fragmented tax system, which raises firms' compliance costs and adds to an already high tax burden. Finally, regulatory reforms, including the removal of remaining entry restrictions as well as reductions in trade protection, may reduce firms' costs and enhance investment incentives. This Working Paper relates to the 2011 OECD Economic Review of Brazil 2011 (www.oecd.org/eco/surveys/Brazil)
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Arnold, Jens
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
OECD Economics Department Working Papers,
Series volume
no.900
http://library.link/vocab/subjectName
  • Economics
  • Brazil
Label
Raising Investment in Brazil, Jens Arnold, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
762088566
Dimensions
21 x 30 cm
Extent
1 online resource 38 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1787/5kg3krd7v2d8-en
Specific material designation
remote
System control number
(OCoLC)762088566
Label
Raising Investment in Brazil, Jens Arnold, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
762088566
Dimensions
21 x 30 cm
Extent
1 online resource 38 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1787/5kg3krd7v2d8-en
Specific material designation
remote
System control number
(OCoLC)762088566

Library Locations

  • St. Louis Mercantile LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • Thomas Jefferson LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • University ArchivesBorrow it
    703 Lewis Hall, Columbia, MO, 65211, US
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • Ward E Barnes Education LibraryBorrow it
    8001 Natural Bridge Rd, St. Louis, MO, 63121, US
    38.707079 -90.311355
Processing Feedback ...