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Impactos Macroeconômicos dos Gastos Públicos na América Latina

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  • Alexandre Manuel Angelo da Silva
  • José Oswaldo Cândido Júnior
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    Abstract

    Este artigo mensura os impactos macroeconômicos dos gastos públicos (consumo e investimento as administrações públicas) nas principais economias da América Latina por meio do modelo cointegrado dos vetores autorregressivos. No longo prazo, de maneira geral, os investimentos públicos tendem a afetar positivamente o produto e o consumo das famílias, embora tenha apresentado uma relação de substitutibilidade com o investimento privado. No curto prazo, na maioria dos casos, os multiplicadores do consumo do governo com relação ao produto, consumo e investimento privados são positivos e significativos, embora de pequena magnitude. Já os multiplicadores do investimento público para a maioria dos países são estatisticamente não significativos. This paper measures the public expenditure macroeconomic impacts (public consumption and public investment) in the more important Latin American economies by cointegrated autoregressive vectors. In the long run, public investments affect positively output and private consumption, although it has showed a substitution relationship with private investments. In the short run, government consumption multipliers used to be positive and statistically significant, although it has showed low impact. However, government investment multipliers used not to be statistically significant

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    Bibliographic Info

    Paper provided by Instituto de Pesquisa Econômica Aplicada - IPEA in its series Discussion Papers with number 1434.

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    Length: 40 pages
    Date of creation: Nov 2009
    Date of revision:
    Handle: RePEc:ipe:ipetds:1434

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