A macroeconomia do crescimento (endógeno): o impacto dos gastos públicos em infra-estrutura sobre a trajetória de crescimento do Produto Interno Bruto da Região Nordeste

Abstract

This dissertation deals with the role of govemment expenditures in infrastructure in the process of economic growth, emphasizing the importance of the fiscal policy as generating a source of positive externalities for producers and consumers. Productive govemment expenditures (infrastructure) can provide endogenous economic growth in a certain region, since the government's functioo, is exercised with fiscal balance and public savings. The productive effect of the govemment investment in infrastructure in the Northeastern economy made possible the generation of economic growth, evidenced through positive rates of growth of the gross domestic produet of the region, overcoming the national average and highlightingthat the related economical activitythe ínfrastructure in the region,.contnbuted inside to the acting dynamic of the Northeast region of a national atmosphere marked by the macroeconomic instability aod for the monetary and fiscal restriction. This work shows that there exists a strong corre1ation and a co-integration relationship among the public expenses under the form of investments ín infrastructure and GDP of the Northeast region, in other words, a stable relationship in the long term, In that process tb.efixed social capital (infrastructure) of tb.eNortb.east region comes as a strong input for the process of continuous economic growth of the region, yielding ao increase in the productivity of the production factors and at the same time stimuJatingthe employment generation and ínvestment in the region.