Lei de responsabilidade fiscal e implicações na despesa de pessoal e de investimento nos municípios mineiros: um estudo com dados em painel dinâmico

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Lei de responsabilidade fiscal e implicações na despesa de pessoal e de investimento nos municípios mineiros: um estudo com dados em painel dinâmico

Author Info

Roberto Santolin (Cedeplar-UFMG)
Frederico G. Jayme Jr. (Cedeplar-UFMG)
Julio César dos Reis (Cedeplar-UFMG)

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Frederico Jayme Jr

Abstract

This paper aims at analyzing the impacts of the Fiscal Responsibility Law (FRL) on total expenditures across municipalities in the State of Minas Gerais, Brazil. To accomplish the objectives of the paper, we analyzed the situation before and after the Law using a dynamic panel. There was convergence on expenditure and investments after the advent of the FRL. There has been identified a tendency for convergence in staff expenses among Minas Gerais’ municipalities. Besides, it has also been possible to identify processes of convergence in investments, with relative reduction in its overall value. These have been associated, on the one hand, with convergence and increase in staff expenses; on the other, with restrictions on credit operations imposed by the law.

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Publisher Info
Paper provided by Cedeplar, Universidade Federal de Minas Gerais in its series Textos para Discussão Cedeplar-UFMG with number td356.

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Length: 24 pages
Date of creation: Jun 2009
Date of revision:
Handle: RePEc:cdp:texdis:td356

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Postal: Cedeplar-FACE-UFMG Av. Antonio Carlos, 6627 Belo Horizonte, MG 31270-901 Brazil

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Find related papers by JEL classification:
H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

This paper has been announced in the following NEP Reports:

NEP-ALL-2009-10-24 (All new papers)

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