The allocation of government spending and economic growtha panel data study of Brazilian states

Resumo

The effect of the allocation of government spending on the economy is currently a subject of interest given the fiscal budget constraints facing governments due to fiscal crises or adjustments. This paper thus seeks to study the effects of the allocation of government spending on the GDP behavior of Brazilian states from 1995 to 2011. Using a conventional FE (Fixed Effect) panel data model, this paper’s main results are as follows: (i) administration and planning, (ii) judicial, (iii) housing and (iv) social assistance spending were found to be productive, while (i) education and culture and (ii) legislative spending were found to be unproductive. In addition, some evidence has been found that the introduction of public borrowing rules by the Fiscal Responsibility Law has been beneficial to the economic growth of Brazilian states.

Ficha do documento

Tipo

Artigo científico

Ano

2017

Instituição

Escola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas (FGV EBAPE)

Fonte

Revista de Administração Pública

Idioma

Português

Acesso

Não informado

DOI

10.1590/0034-7612155177

Identificador

oai:ojs.periodicos.fgv.br:article/71175

Licença

https://creativecommons.org/licenses/by/4.0

Temas

EconomiaFinanças PúblicasDesenvolvimento Econômico

Palavras-chave

government spendingeconomic growthBrazilian statesgastos públicoscrecimiento económicoestados de Brasilgasto públicocrescimento econômicoestados brasileiros