This paper analyses the financing of investment in Brazil and provide subsidies to the debate related to the unacceptable level of fax charge. Vector autoregressive models indicate the existence of co-movements between the level of investments and the taxes rates in Brazil in the period 1947-2005, in spite of a correlation of -64% in the post-1990, which reinforces the argument that the tax relief is the goal to achieve a path of sustained growth. Furthermore, forecasts exercises developed indicates an increasing rate of investment higher than 17% of GDP for the period 2006-2010. / Investimentos, carga tributária, poupança, e crescimento econômico no Brasil
AUTOR(ES)
Teresa Helena Carvalho Rebouças Porto
DATA DE PUBLICAÇÃO
2009
RESUMO
This paper analyses the financing of investment in Brazil and provide subsidies to the debate related to the unacceptable level of fax charge. Vector autoregressive models indicate the existence of co-movements between the level of investments and the taxes rates in Brazil in the period 1947-2005, in spite of a correlation of -64% in the post-1990, which reinforces the argument that the tax relief is the goal to achieve a path of sustained growth. Furthermore, forecasts exercises developed indicates an increasing rate of investment higher than 17% of GDP for the period 2006-2010.
ASSUNTO(S)
investments cointegration investimentos cointegração ciencias sociais aplicadas carga tributária taxes
