Submitted by Allan Batista Gabriel (allan.gabriel2012@gvmail.br) on 2014-09-10T07:24:53Z No. of bitstreams: 1 Allan BG-Subsídios fnanceiros à infraestrutura.pdf: 653783 bytes, checksum: 26882c8fd1b522f67ffd47bf2bcf141c (MD5) / Rejected by JOANA MARTORINI (joana.martorini@fgv.br), reason: Allan, bom dia Sua ficha catalográfica não está correta, por gentileza aguardar a liberação da biblioteca digital. on 2014-09-10T14:24:00Z (GMT) / Submitted by Allan Batista Gabriel (allan.gabriel2012@gvmail.br) on 2014-09-10T17:35:43Z No. of bitstreams: 1 Allan BG-Subsídios fnanceiros à infraestrutura.pdf: 623195 bytes, checksum: cb0185714ce111c01da5a7a3f79d7202 (MD5) / Approved for entry into archive by JOANA MARTORINI (joana.martorini@fgv.br) on 2014-09-15T19:59:20Z (GMT) No. of bitstreams: 1 Allan BG-Subsídios fnanceiros à infraestrutura.pdf: 623195 bytes, checksum: cb0185714ce111c01da5a7a3f79d7202 (MD5) / Made available in DSpace on 2014-09-16T12:50:13Z (GMT). No. of bitstreams: 1 Allan BG-Subsídios fnanceiros à infraestrutura.pdf: 623195 bytes, checksum: cb0185714ce111c01da5a7a3f79d7202 (MD5) Previous issue date: 2014-08-11 / This dissertation aims to represent through a dynamic general equilibrium model – a feature of the Brazilian market – financial subsides to infrastructure sector. We simulated the effect of tax increases and monetary base increase to subsidize the infrastructure investment. We show that, in the short term, there is a contraction of the product and the infrastructure, but in the long term, there is an expansion of the product, infrastructure and welfare. These results may show different behaviors for the welfare depending on the parameter of elasticity of infrastructure in relation to income. / O presente trabalho tem como objetivo representar através de um modelo dinâmico de equilíbrio geral, uma característica do mercado brasileiro de subsidiar o setor de infraestrutura através do sistema financeiro. Além disso, objetiva-se simular o efeito do aumento de impostos - destinando recursos tributários, tanto para um agente público quanto privado - para subsidiar o investimento em infraestrutura. Alternativamente, simula-se o efeito da redução do compulsório bancário, destinando esses recursos também à infraestrutura. As simulações apresentam resultados semelhantes, de tal modo que no curto prazo, há uma contração do produto e da infraestrutura, mas no longo prazo, há uma expansão do produto, infraestrutura e bem-estar. Os resultados podem apresentar comportamentos diferentes para o bem-estar dependendo do parâmetro de elasticidade da infraestrutura em relação à renda.

The thesis handles the topic ``Financial subsidies in the agriculture after the entrance into EU{\crqq}. It focuses on the subsidies and their analysis in the company ``A{\crqq} in years 2003 {--} 2006. The theoretical part describes what the subsidies are, their types, system, alternations and the institutions which ensure them. The practical part is composed as a financial analysis. Two situations were compared. The first situation describes the company{\crq}s economy without subsidies and the second describes the company{\crq}s economy with the subsidies. In the next part the structure of costs on chosen growths was summed up.

The theoretical part describes development grants, financial analysis and farm accountancy data network. The goal of financial analysis was an implementation and consequential formulation of effects of the financial analysis. Basis of the analysis were profit and loss statements and balance sheets. The financial analysis was make on the basis of analysis of proportion indicators: profitability, activity, liquidity and insolventy. Every agricultural enterprise I compared with farm accountancy data network (FADN). The informations for processing this work was predominantly gained from Ministry of agriculture, State agricultural interventional fund, agricultural enterprise, literature and internet.