{"id":2405,"date":"2024-03-01T15:57:48","date_gmt":"2024-03-01T18:57:48","guid":{"rendered":"https:\/\/madeusp.com.br\/?post_type=made_publication&p=2405"},"modified":"2024-11-01T19:24:40","modified_gmt":"2024-11-01T22:24:40","slug":"os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado","status":"publish","type":"made_publication","link":"https:\/\/madeusp.com.br\/en\/publications\/articles\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\/","title":{"rendered":"Os impactos da distribui\u00e7\u00e3o de renda na rela\u00e7\u00e3o entre o investimento p\u00fablico e privado"},"content":{"rendered":"

O PIB em 2023 cres\u00adceu 2,9%, bem aci\u00adma das expec\u00adta\u00adti\u00advas. No entan\u00adto, o inves\u00adti\u00admen\u00adto apre\u00adsen\u00adtou uma tra\u00adje\u00adt\u00f3\u00adria de que\u00adda de \u20111,1% no acu\u00admu\u00adla\u00addo de qua\u00adtro tri\u00admes\u00adtres, em rela\u00ad\u00e7\u00e3o aos acu\u00admu\u00adla\u00addos nos qua\u00adtro tri\u00admes\u00adtres ime\u00addi\u00ada\u00adta\u00admen\u00adte ante\u00adri\u00ado\u00adres. Isso sig\u00adni\u00adfi\u00adca que hou\u00adve uma redu\u00ad\u00e7\u00e3o do inves\u00adti\u00admen\u00adto em pro\u00adpor\u00ad\u00e7\u00e3o ao PIB. Mas, qual ser\u00e1 o com\u00adpor\u00adta\u00admen\u00adto do inves\u00adti\u00admen\u00adto nos pr\u00f3\u00adxi\u00admos anos? O que se espe\u00adra que ocor\u00adre\u00adr\u00e1 com o inves\u00adti\u00admen\u00adto pri\u00adva\u00addo, caso o p\u00fabli\u00adco pla\u00adne\u00adja\u00addo pelo gover\u00adno Lula III se efe\u00adti\u00adve? Nes\u00adta Nota dis\u00adcu\u00adti\u00admos a rela\u00ad\u00e7\u00e3o entre os gas\u00adtos do gover\u00adno, em par\u00adti\u00adcu\u00adlar o inves\u00adti\u00admen\u00adto p\u00fabli\u00adco, e o inves\u00adti\u00admen\u00adto pri\u00adva\u00addo. Al\u00e9m dis\u00adso, explo\u00adra\u00admos, a par\u00adtir de um exer\u00adc\u00ed\u00adcio eco\u00adno\u00adm\u00e9\u00adtri\u00adco, como muda essa rela\u00ad\u00e7\u00e3o a depen\u00adder dos dife\u00adren\u00adtes n\u00edveis de desi\u00adgual\u00adda\u00adde de ren\u00adda. Com base na lite\u00adra\u00adtu\u00adra emp\u00ed\u00adri\u00adca, \u00e9 pos\u00ads\u00ed\u00advel espe\u00adrar uma rela\u00ad\u00e7\u00e3o de com\u00adple\u00admen\u00adta\u00adri\u00adda\u00adde dos inves\u00adti\u00admen\u00adtos p\u00fabli\u00adco e pri\u00adva\u00addo para os pr\u00f3\u00adxi\u00admos anos. Embo\u00adra n\u00e3o se pos\u00adsa afir\u00admar com pre\u00adci\u00ads\u00e3o como se com\u00adpor\u00adta\u00adr\u00e3o as deci\u00ads\u00f5es dos inves\u00adti\u00addo\u00adres, as esti\u00adma\u00adti\u00advas mais recen\u00adtes para a eco\u00adno\u00admia bra\u00adsi\u00adlei\u00adra suge\u00adrem um efei\u00adto crow\u00adding-in nos inves\u00adti\u00admen\u00adtos pri\u00adva\u00addos. Uti\u00adli\u00adzan\u00addo um mode\u00adlo Threshold Vec\u00adtor Auto\u00adre\u00adgres\u00adsi\u00adve (TVAR) para o Bra\u00adsil no per\u00edo\u00addo 1996\u20132022, des\u00adco\u00adbri\u00admos que um aumen\u00adto de 10% no inves\u00adti\u00admen\u00adto p\u00fabli\u00adco leva a um aumen\u00adto de 3,4% nos inves\u00adti\u00admen\u00adtos pri\u00adva\u00addos ap\u00f3s  qua\u00adtro tri\u00admes\u00adtres em con\u00addi\u00ad\u00e7\u00f5es de menor desi\u00adgual\u00adda\u00adde de ren\u00adda. Em con\u00adtras\u00adte, a res\u00adpos\u00adta do inves\u00adti\u00admen\u00adto pri\u00adva\u00addo ao inves\u00adti\u00admen\u00adto p\u00fabli\u00adco em cen\u00e1\u00adri\u00ados de mai\u00ador desi\u00adgual\u00adda\u00adde de ren\u00adda n\u00e3o \u00e9 esta\u00adtis\u00adti\u00adca\u00admen\u00adte sig\u00adni\u00adfi\u00adcan\u00adte. As nos\u00adsas con\u00adclu\u00ads\u00f5es refor\u00ad\u00e7am o poten\u00adci\u00adal de redu\u00ad\u00e7\u00f5es na desi\u00adgual\u00adda\u00adde de ren\u00adda para melho\u00adrar as con\u00addi\u00ad\u00e7\u00f5es macro\u00ade\u00adcon\u00f4\u00admi\u00adcas. \u00c9, por\u00adtan\u00adto, impor\u00adtan\u00adte garan\u00adtir que o inves\u00adti\u00admen\u00adto p\u00fabli\u00adco pla\u00adne\u00adja\u00addo pelo gover\u00adno, de fato, se efe\u00adti\u00adve e que jun\u00adto a ele ocor\u00adram pol\u00ed\u00adti\u00adcas de redu\u00ad\u00e7\u00e3o da desi\u00adgual\u00adda\u00adde. Esse desa\u00adfio \u00e9 gran\u00adde, con\u00adtu\u00addo, ten\u00addo em vis\u00adta que a nova regra fis\u00adcal \u2013 Regi\u00adme Fis\u00adcal Sus\u00adten\u00adt\u00e1\u00advel \u2013 colo\u00adca o inves\u00adti\u00admen\u00adto p\u00fabli\u00adco dis\u00adpu\u00adtan\u00addo espa\u00ad\u00e7o no or\u00e7a\u00admen\u00adto, jun\u00adto com demais pol\u00ed\u00adti\u00adcas com poten\u00adci\u00adal dis\u00adtri\u00adbu\u00adti\u00advo (como bol\u00adsa fam\u00ed\u00adlia e outros bene\u00adf\u00ed\u00adci\u00ados sociais).<\/p>\n","protected":false},"excerpt":{"rendered":"

O PIB em 2023 cres\u00adceu 2,9%, bem aci\u00adma das expec\u00adta\u00adti\u00advas. No entan\u00adto, o inves\u00adti\u00admen\u00adto apre\u00adsen\u00adtou uma tra\u00adje\u00adt\u00f3\u00adria de que\u00adda de \u20111,1% no acu\u00admu\u00adla\u00addo de qua\u00adtro tri\u00admes\u00adtres, em rela\u00ad\u00e7\u00e3o aos acu\u00admu\u00adla\u00addos nos qua\u00adtro tri\u00admes\u00adtres ime\u00addi\u00ada\u00adta\u00admen\u00adte ante\u00adri\u00ado\u00adres. Isso sig\u00adni\u00adfi\u00adca que hou\u00adve uma redu\u00ad\u00e7\u00e3o do inves\u00adti\u00admen\u00adto em pro\u00adpor\u00ad\u00e7\u00e3o ao PIB. Mas, qual ser\u00e1 o com\u00adpor\u00adta\u00admen\u00adto do inves\u00adti\u00admen\u00adto nos [\u2026]<\/p>\n","protected":false},"template":"","tags":[],"made_publication_type":[175],"class_list":["post-2405","made_publication","type-made_publication","status-publish","hentry","made_publication_type-policy-notes"],"acf":[],"yoast_head":"\nOs impactos da distribui\u00e7\u00e3o de renda na rela\u00e7\u00e3o entre o investimento p\u00fablico e privado — Made<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madeusp.com.br\/en\/publications\/articles\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/publications\\\/articles\\\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\\\/\",\"url\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/publications\\\/articles\\\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\\\/\",\"name\":\"Os impactos da distribui\u00e7\u00e3o de renda na rela\u00e7\u00e3o entre o investimento p\u00fablico e privado — Made\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/#website\"},\"datePublished\":\"2024-03-01T18:57:48+00:00\",\"dateModified\":\"2024-11-01T22:24:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/publications\\\/articles\\\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/madeusp.com.br\\\/en\\\/publications\\\/articles\\\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/publications\\\/articles\\\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publica\u00e7\u00f5es\",\"item\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/publications\\\/articles\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Os impactos da distribui\u00e7\u00e3o de renda na rela\u00e7\u00e3o entre o investimento p\u00fablico e privado\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/\",\"name\":\"Made\",\"description\":\"Research Center on Macroeconomics of Inequalities\",\"publisher\":{\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/#organization\",\"name\":\"Made\",\"url\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/madeusp.com.br\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/fav-ico-made-01.png\",\"contentUrl\":\"https:\\\/\\\/madeusp.com.br\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/fav-ico-made-01.png\",\"width\":4500,\"height\":4500,\"caption\":\"Made\"},\"image\":{\"@id\":\"https:\\\/\\\/madeusp.com.br\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Os impactos da distribui\u00e7\u00e3o de renda na rela\u00e7\u00e3o entre o investimento p\u00fablico e privado — Made","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/madeusp.com.br\/en\/publications\/articles\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\/","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/madeusp.com.br\/en\/publications\/articles\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\/","url":"https:\/\/madeusp.com.br\/en\/publications\/articles\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\/","name":"Os impactos da distribui\u00e7\u00e3o de renda na rela\u00e7\u00e3o entre o investimento p\u00fablico e privado — Made","isPartOf":{"@id":"https:\/\/madeusp.com.br\/en\/#website"},"datePublished":"2024-03-01T18:57:48+00:00","dateModified":"2024-11-01T22:24:40+00:00","breadcrumb":{"@id":"https:\/\/madeusp.com.br\/en\/publications\/articles\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/madeusp.com.br\/en\/publications\/articles\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/madeusp.com.br\/en\/publications\/articles\/os-impactos-da-distribuicao-de-renda-na-relacao-entre-o-investimento-publico-e-privado\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/madeusp.com.br\/en\/"},{"@type":"ListItem","position":2,"name":"Publica\u00e7\u00f5es","item":"https:\/\/madeusp.com.br\/en\/publications\/articles\/"},{"@type":"ListItem","position":3,"name":"Os impactos da distribui\u00e7\u00e3o de renda na rela\u00e7\u00e3o entre o investimento p\u00fablico e privado"}]},{"@type":"WebSite","@id":"https:\/\/madeusp.com.br\/en\/#website","url":"https:\/\/madeusp.com.br\/en\/","name":"Made","description":"Research Center on Macroeconomics of Inequalities","publisher":{"@id":"https:\/\/madeusp.com.br\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/madeusp.com.br\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/madeusp.com.br\/en\/#organization","name":"Made","url":"https:\/\/madeusp.com.br\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/madeusp.com.br\/en\/#\/schema\/logo\/image\/","url":"https:\/\/madeusp.com.br\/wp-content\/uploads\/2020\/10\/fav-ico-made-01.png","contentUrl":"https:\/\/madeusp.com.br\/wp-content\/uploads\/2020\/10\/fav-ico-made-01.png","width":4500,"height":4500,"caption":"Made"},"image":{"@id":"https:\/\/madeusp.com.br\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/madeusp.com.br\/en\/wp-json\/wp\/v2\/made_publication\/2405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/madeusp.com.br\/en\/wp-json\/wp\/v2\/made_publication"}],"about":[{"href":"https:\/\/madeusp.com.br\/en\/wp-json\/wp\/v2\/types\/made_publication"}],"wp:attachment":[{"href":"https:\/\/madeusp.com.br\/en\/wp-json\/wp\/v2\/media?parent=2405"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madeusp.com.br\/en\/wp-json\/wp\/v2\/tags?post=2405"},{"taxonomy":"made_publication_type","embeddable":true,"href":"https:\/\/madeusp.com.br\/en\/wp-json\/wp\/v2\/made_publication_type?post=2405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}