TY - BOOK ID - 84783752 TI - Filling the Gap : Infrastructure Investment in Brazil AU - Garcia-Escribano, Mercedes. AU - Góes, Carlos. AU - Karpowicz, Izabela. PY - 2015 SN - 1513563742 1513535374 1513537792 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Infrastructure (Economics) KW - Transportation KW - Public investments KW - Government investments KW - Investments, Public KW - Expenditures, Public KW - Investments KW - Capital budget KW - Economic development projects KW - Investment of public funds KW - Finance KW - Exports and Imports KW - Infrastructure KW - Investments: General KW - Public Finance KW - National Government Expenditures and Related Policies: Infrastructures KW - Other Public Investment and Capital Stock KW - Economic History: Transport, Trade, Energy, Technology, and Other Services: Latin America KW - Caribbean KW - Multiple or Simultaneous Equation Models: Models with Panel Data KW - Investment KW - Capital KW - Intangible Capital KW - Capacity KW - Industry Studies: Transportation and Utilities: General KW - Trade: General KW - Macroeconomics KW - Public finance & taxation KW - International economics KW - Private investment KW - Public investment spending KW - Exports KW - National accounts KW - Expenditure KW - International trade KW - Saving and investment KW - Brazil UR - https://www.unicat.be/uniCat?func=search&query=sysid:84783752 AB - Infrastructure bottlenecks have been identified as a key obstacle to growth affecting productivity and market efficiency, and hindering domestic integration and export performance. This paper assesses the state of Brazil’s infrastructure, in light of past investment trends and various quality and quantity indicators. Brazil’s infrastructure stock and its quality rank low in relation to that of comparator countries, chosen amongst main export competitors. We provide evidence that infrastructure affects domestic integration by analyzing price convergence of tradable goods across major cities. The government’s concession program will narrow part of the infrastructure gap, however, governance reforms will be crucial to improving investment efficiency. ER -