The purpose of this article is to propose a reinterpretation the traditional flypaper effect according which central government transfers local governments increase public spending by more than do increases in private income. Here, higher from federal might induce less efficiency tax collection opposed income effect. Initially, we build model order point out possible existence that context standard maximization on part governments. Next, construct scores for Brazilian municipalities using...

This paper evaluates the relevance of "bank lending channel'' monetary policy transmission in Brazil. Disaggregated monthly data Brazilian banks balance sheets from December 1994 to 2001 are analyzed. In addition short-term interest rate, we consider effects another instrument frequently used Brazil, represented by reserve requirements on overall deposits - demand, savings, and time deposits. Dynamic panel techniques employed. Our results suggest that impact is relevant stronger for larger...

The purpose of this article is to examine the causality between government size and corruption, verify if there a different pattern developed Organization for Economic Co-operation Development (OECD) countries (excluding Mexico) developing (Latin American countries) during period 1996 2003. Applying Granger Huang's (1997 Granger, C. W. J. Huang, L. Evaluation panel data models: some suggestions from time series. Economics Working Paper Series 97-10. 1997. Department Economics, University...

O objetivo deste artigo é determinar que componentes do gasto público influenciaram o crescimento econômico dos Estados brasileiros durante período 1986-2003. Faz-se a decomposição gastos segundo sua categoria econômica (gastos correntes, excetuando-se os juros da dívida, e de capital) também funcional com transporte comunicação, educação, saúde defesa). Os capital aparecem como produtivos, ou seja, estimulam econômico, enquanto correntes são produtivos até um limite 61% despesa...

O objetivo deste artigo é avaliar o desempenho e a eficiência relativa dos Estados brasileiros no que diz respeito aos gastos fazem em educação nos níveis fundamental médio. A fim de estabelecer comparações na provisão entre os constroem-se inicialmente alguns indicadores partir variáveis quantitativas qualitativas. Esses são, então, utilizados como produto para captar as diferenças estaduais eficiência. Os resultados obtidos indicam com melhor não necessariamente são mais eficientes. Além...

O objetivo deste artigo é avaliar o impacto do Programa Nota Fiscal Paulista sobre a arrecadação Estado de São Paulo. Observa-se um efeito positivo e significativo real setor terciário entre 5% 10% comparativamente aos outros Estados Brasil. Não encontrado robusto total, nem efeitos não lineares Programa. Quando análise restrita somente ao Paulo, evidência sugere que produziu diferenciados os setores. Contudo, quando aumento comparado com estimativa dos prêmios concedidos tem-se no máximo 2%...

The aim of this article is to evaluate whether there an association between decentralization and corruption. In order do so we analyse Brazilian health-care programmes that are run locally. To construct objective measures corruption, use the information from reports auditing programme local governments Brazil. Results point no relationship whatever measure used.

The purpose of this paper is to evaluate the role mayor's characteristics (education, experience and gender) on fiscal indicators Brazilian municipalities. We use regression discontinuity outcomes close elections identify causal effects for 2000, 2004 2008. find evidence that experienced educated mayors choose devote a smaller fraction budget current personnel expenditures, so they seem be concerned with quality public finances. Moreover, are better in negotiating discretionary transfers....

RESUMO O objetivo deste trabalho é utilizar os modelos macro abertos intertemporais, e testes econométricos de solvência derivados deles, para analisar a correlação original poupança-investimento Feldstein Horioka. A restrição implica que poupança o investimento são cointegrados com um coeficiente e, portanto, conta corrente estacionária. Como regressão da seção transversal Feldstein-Horioka mede médio longo prazo, possível argumentar ela está capturando unitário implícito na não alguma...

In 1997, Brazil approved a new law establishing the regulatory framework of oil and gas industry. One most important changes was distribution petroleum rents to states Municipalities. The volume received by each municipality varies considerably, since it depends on range criteria that measure impact upstream activities specific as well number productive wells next it. This paper aims at evaluating whether municipalities eligible receive royalties exhibited lower fiscal effort than...

O objetivo deste artigo e verificar se uma melhor comunicacao por parte do Banco Central Brasil torna a politica monetaria mais previsivel. Conclui-se que as taxas de juros aumentam no dia da divulgacao ata, indicando tende ter um vies conservador, enquanto volatilidade dos diminui. Obtem-se evidencia ainda reacao mercado independe conteudo das atas, com comunicados sinalizam reducao levando mercado. Para tanto, foi construido indice tenta captar, partir leitura atas COPOM, sinalizacao...

Brazil opted for decentralization in the provision of health services at time 1988 Constitution´s promulgation. The municipalities became entirely responsible primary healthcare provision, sharing financing responsibilities with central government. aim this paper is to evaluate impact spending autonomy on infant mortality rates, using Brazilian local data from 2000 2007. As a measure we used share (%) overall expenditures financed by municipalities' own resources. larger which not government...

Purpose This paper seeks to investigate the role of income‐inequality on size local government. Design/methodology/approach First, extends model proposed by Meltzer and Richard, allowing for spatial interaction in redistributive in‐kind transfers from governments. Second, it estimates determinants government taking into consideration dependence variables. Findings points that poorer median voter is, higher should be level public expenditures, but spillover effect (spatial effect) spending is...

The aim of this paper is to determine whether it necessary increase available resources local governments or if better use these funds sufficient. contributes the literature by looking both at supply and demand for public health services. If estimated correctly, one can compare its expected value actual expenditures. Even expenditures are lower than demand, not certain that additional spending necessary. efficiency scores (supply side) indicate simply "save" make up difference, then possible...

Two questions are addressed in this paper. The first one is the determination of periods fiscal consolidation and stimulus. second importance composition adjustments for their success, defined as a declining debt to GDP ratio. We, characterize 1994 1999 points consolidation. can not be considered successful since after that period ratio has grown continuously. adjustment characterized type 2 (Alesina Perotti (1997)) sense cuts were made mainly public investment, while government wages...

O objetivo deste artigo é avaliar o grau de eficiência produtiva do setor público hospitalar em 366 municípios estado São Paulo entre os anos 1998 e 2003. Para tanto utilizado método fronteira estocástica produção. modelo estimado com a forma flexível Fourier usa complemento da taxa mortalidade como produto gasto profissionais número leitos por município insumos. Os resultados sugerem que mais eficientes são aqueles contratam hospitais privados, realizam maior internações (efeito economia...

Jansen (1996) and Schulze (1996), based on a sample of developed countries argue that an error correction model would be the correct specification to estimate saving-investment correlations. The purpose this paper is verify if same claim can made using developing countries. Regarding indeed superior, as suggested by Schulze? How serious potential bias from regressions in levels first differences instead model? Although theory implies there long-run relationship between saving investment,...