MISALLOCATION IN THE BRAZILIAN PRODUCTION CHAIN FROM MULTIPLIERS FOR INTERMEDIATE GOODS
Misallocation, intermediate goods, intermediate production, Brazil.
ABSTRACT
The objective of the dissertation is to identify the possibility of misallocation of
resources in the Brazilian economy, based on calculations of intermediate goods
multipliers, production elasticity to total factor productivity (TFP) and capital goods.
The research is based on the literature on misallocation and real cycle theory. Thus,
indicators were calculated based on a neoclassical model of intermediate goods applied
to a database of input-output matrices for the Brazilian economy. In this way, it was
possible to identify which sectors of the Brazilian economy are most affected
intersectorally by the misallocation of resources and which investments can be made to
mitigate the phenomenon. The results show that the Brazilian economy presents a
considerable degree of misallocation that causes it to lose part of its dynamics. This is
due to the lack of technological development in the production of intermediate goods,
which, in turn, compromises the performance of national production chains