Banca de DEFESA: MATHEUS DE ANDRADE SANTOS

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : MATHEUS DE ANDRADE SANTOS
DATE: 26/06/2024
TIME: 10:00
LOCAL: Google Meet (https://meet.google.com/fuv-obxz-chw)
TITLE:

Analysis of the economic impacts of oil production in the Rio de Janeiro state

KEY WORDS:

Rio de Janeiro; Oil Productive Structure; Royalties.

PAGES: 74
BIG AREA: Ciências Sociais Aplicadas
AREA: Economia
SUBÁREA: Economia Regional e Urbana
SPECIALTY: Economia Regional
SUMMARY:

The State of Rio de Janeiro (ERJ), a historical economic pillar of Brazil, faced substantial
challenges throughout the 20th century, resulting in a notable loss of dynamism with loss of
participation in the national economy, such as the transfer of the capital to Brasília in 1960,
which represented obstacles to the state's economy, negatively affecting its economic
structure and performance. Subsequently, a deep crisis hit the ERJ between 80 and 95, but the
situation improved from the second half of the 90s, driven by the growth of the oil extraction
industry, which became one of the main drivers of the country's GDP. state. The discovery of
oil reserves in the Campos basin in 1974 marked the beginning of a period of expansion for
the ERJ, transforming it into Brazil's main oil producer and exporter. Law No. 9,478 of 1997,
which put an end to Petrobrás' monopoly, was a milestone, allowing the entry of private
investments in the oil and gas sector. ERJ's economy grew at a slower rate than the Southeast
and Brazil in the period from 2000 to 2020, although it maintained a relevant economic
position in the region and the country. However, with the ERJ specializing the economic
dynamics in oil, which, despite creating qualified jobs and requiring substantial investments,
has limited integration of the local production chain, affecting the generation of urban
employment and income. Furthermore, the Oil and Gas sector, despite representing a
significant part of Rio de Janeiro's economy, faces challenges in the medium and long term,
including the reduction of oil reserves and the growing share of oil revenues in public coffers.
This condition is aggravated by the prolonged economic crisis in the state, where the
exploitation of non-renewable resources can exclude other productive activities. This study
aims to analyze the productive structure of ERJ, with an emphasis on the Oil and Gas sector,
and evaluate the impact of oil revenues on the economic development of municipalities in Rio
de Janeiro. Using the input-output matrix and Geographically Weighted Panel Regression, we
sought to understand the connections and impacts of the O&G sector on the state economy.
The sectoral analysis revealed that the oil sector, although capable of generating employment
and income, occupies a less prominent position in terms of production, with little integration
with the state economy and a focus on exports. The assessment of the socioeconomic impacts
of royalties indicated that they only had an effect on the most coastal municipalities,
suggesting a potential ineffectiveness in the distribution and management of additional
financial resources. This highlights the absence of a clear strategy to increase regional
economic competitiveness and avoid a deterioration in the relative position of the state of Rio
de Janeiro in the national economic scenario.

COMMITTEE MEMBERS:
Externo à Instituição - AMARO OLIMPIO PEREIRA JUNIOR - UFRJ
Interno - 1847490 - JOILSON DE ASSIS CABRAL
Presidente - 1863173 - MARIA VIVIANA DE FREITAS CABRAL
Interno - 1365608 - THIERRY MOLNAR PRATES