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Política Fiscal e Crescimento Econômico no Brasil e na América Latina

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  • Vladimir Kühl Teles
  • Caio Cesar Mussolini

Abstract

Este artigo desenvolve um modelo de geraçõess sobrepostas e crescimento endógeno com dívida pública onde o governo pode alocar seus gastos de diferentes formas. Assim, para aumentar a parcela de gastos em educação ou infraestrutura como proporção da renda o governo tem de se endividar. Os resultados indicam que os efeitos dos gastos produtivos do governo sobre o crescimento dependem do tamanho da dívida, da carga tributária, e do superávit primário podendo ocorrer um cenário com equilábrios múltiplos. Além disso, a equação de crescimento baseada no modelo teórico é estimada para a América Latina, comprovando as predições teóricas.

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Bibliographic Info

Paper provided by Universidade de São Paulo, Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto in its series Working Papers with number 11-2010.

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Date of creation: 26 Jul 2010
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Handle: RePEc:fea:wpaper:11-2010

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Keywords: Dívida Pública; Crescimento Endógeno; Política Fiscal.;

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