Database
| Variable | Definition | Source |
|---|---|---|
| Private investment | Private investment in machinery and equipment | Junior and Cornelio (2020) |
| Infrastructure investment | Gross fixed capital formation in infrastructure | Junior and Cornelio (2020) |
| Public investment | Public investment as a share of GDP | Pires (2022) |
| Demand growth | Manufacturing consumption of electric energy | Brazilian Ministry of Mines and Energy |
| Inflation | Inflation rate | Institute of Applied Economic Research (IPEA) |
| Terms of trade | Terms of trade: the ratio of exports and imports prices | Institute of Applied Economic Research (IPEA) |
| Labor cost | Minimum salary expressed in purchasing power parity | Institute of Applied Economic Research (IPEA) |
| Real exchange rate | Real exchange rate | Darvas (2021) |
| Public credit for manufacturing | Share of the credit’s volume provided by BNDES (National Bank for Economic and Social Development) to manufacturing sectors | Barboza, Furtado, and Gabrielli (2019) |
| Public credit for infrastructure | Share of the credit provided by BNDES (National Bank for Economic and Social Development) to finance infrastructure projects | Barboza et al. (2019) |
| Variable | Definition | Source |
|---|---|---|
| Private investment | Private investment in machinery and equipment | |
| Infrastructure investment | Gross fixed capital formation in infrastructure | |
| Public investment | Public investment as a share of GDP | |
| Demand growth | Manufacturing consumption of electric energy | Brazilian Ministry of Mines and Energy |
| Inflation | Inflation rate | Institute of Applied Economic Research (IPEA) |
| Terms of trade | Terms of trade: the ratio of exports and imports prices | Institute of Applied Economic Research (IPEA) |
| Labor cost | Minimum salary expressed in purchasing power parity | Institute of Applied Economic Research (IPEA) |
| Real exchange rate | Real exchange rate | |
| Public credit for manufacturing | Share of the credit’s volume provided by BNDES (National Bank for Economic and Social Development) to manufacturing sectors | |
| Public credit for infrastructure | Share of the credit provided by BNDES (National Bank for Economic and Social Development) to finance infrastructure projects |
Source(s): Table by authors
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