Análises da dinâmica orçamentária dos municípios brasileiros: uma aplicação da metodologia VAR com dados empilhados
The paper estimates a panel-VAR using data on total expenditures, tax receipts and overall grants received for 5.544 Brazilian municipalities observed from 2002 through 2010. A sequence of hypotheses was investigated by the means of the overidentification test statistic. Among our main findings, we...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2012 |
| País: | Brasil |
| Institución: | Universidade de São Paulo (USP) |
| Repositorio: | Economia Aplicada |
| Idioma: | portugués |
| OAI Identifier: | oai:revistas.usp.br:article/46200 |
| Acceso en línea: | https://www.revistas.usp.br/ecoa/article/view/46200 |
| Access Level: | acceso abierto |
| Palabra clave: | Budget dynamics VAR model Panel data Brazilian municipalities Dinâmica orçamentária Modelo VAR Painel de dados Municípios brasileiros |
| Sumario: | The paper estimates a panel-VAR using data on total expenditures, tax receipts and overall grants received for 5.544 Brazilian municipalities observed from 2002 through 2010. A sequence of hypotheses was investigated by the means of the overidentification test statistic. Among our main findings, we underscore there exists evidence of change in the fiscal behavior of the municipalities, but which in average support the tax and spend hypothesis, as well as the flypaper effect of grants over expenditures. We also find there is a lot more dynamics in expenditures compared to own revenues. Those results shed light on some important aspects of the municipal budget dynamics. |
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