Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/177464 
Year of Publication: 
2016
Series/Report no.: 
Texto para Discussão No. 2248
Publisher: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Abstract (Translated): 
This article estimates fiscal costs derived from the federal government industrial policy between 2004 and 2016. We focus on the measurement of "tax expenditures", something inedited in Brazilian economic literature on the subject. We also analysis tax exemptions that, for legal reasons, are not considered as tax expenditures, but are relevant for our study. The main findings can be summarized as follows: i) the evidence suggests that industrial policy instituted since 2003 promoted the continued rise in tax expenditures; ii) despite the wide range of instruments exploited, the bulk of expenditures intended traditional industrial policies at the expense of more innovative industries; and iii) there is a surprising continuity of new measures - that amplify the tax expenditures - focusing on the Free Economic Zone of Manaus and the automotive sector.
Subjects: 
fiscal policy
industrial policy
Brazilian economy
JEL: 
E620
L520
E650
Document Type: 
Working Paper

Files in This Item:
File
Size
1.68 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.