Evidence on the Determinants of Productivity in Brazil, 2004-2014

Abstract In Brazil, productivity has been underperforming since the 1980s. Thus, considering its importance for economic growth, it is important to verify ways to stimulate its performance. Therefore, this study aims to verify how some determinants influenced the productivity, being used the methodology of structural autoregressive vectors. It was verified that effects of the improvements in the determinants would only occur in a longer time horizon, also that the infrastructure had a greater effect on productivity, both in the short and the long run. Therefore, improvements in terms of infrastructure have a greater effect on productivity, and consequently on economic growth.

摘要 自20世纪80年代以来，巴西的生产率表现始终不佳。鉴于生产率对经济增长的重要性，探索提振其表现的路径具有关键意义。为此，本研究旨在探究若干影响因素对生产率的作用机制，采用结构自回归向量（Structural Autoregressive Vectors）方法开展分析。研究结果显示，相关影响因素的改善效应仅能在较长时间维度上显现；且无论短期还是长期，基础设施对生产率的提升作用均最为显著。因此，加强基础设施建设能够更有效地提升生产率，进而推动经济增长。