Evolução da taxa de investimento no Brasil entre 2010 e 2018

Abstract

The article aims to study the evolution of the investment rate in the Brazilian economy in the period 2010-2018. The theoretical framework evaluates how investment was approached by classical and Keynesian theories. The main results found were that the investment rate increases in the period 2010-2013 and has a sudden and expressive drop from 2014 to 2017, when it reaches the historic low. In 2018, there was a small recovery in the investment rate. In terms of volume, the level of investment in 2018 was practically the same as in 2010. Between 2010 and 2016, the relative participation of the construction segment increased and  the machinery and equipment segment decreased. Between 2016 and 2018, these same segments showed an inverse result, with a decrease in construction activity and an increase in machinery and equipment activity. Throughout the historical series, public sector investment in relation to total investment began to lose importance. This fact was due to the decrease in the participation of investments by state-owned companies, as well as by the General Government. In addition, it was found that the reduction in investments by state-owned companies was proportionally greater than that of the General Government.