Os investimentos em máquinas e equipamentos na agropecuária, indústria e mineração e construção e os desembolsos do BNDES para MPMEs

Abstract

This study compares the Brazilian Development Bank (BNDES) disbursements to micro, small and medium-sized enterprises (MSMEs) with Brazilian investments in machinery and equipment (M&E), focusing on improving its support to these companies and sector. M&E apparent consumption was calculated and used as a proxy for investments in these goods. The analysis shows significant differences between M&E apparent consumption for agriculture, industry, and mining and construction, when compared with BNDES disbursements for MSMEs in these same sectors. BNDES has impacted all three segments, but to a lesser extent industry. Currently, Brazilian M&E industry production accounts for less than half of Brazil’s investment in these goods, indicating a need to discuss support for this segment separately from the support to MSMEs.