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Impactos de longo prazo de reformas fiscais sobre a economia brasileira

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  • Santana, Pollyana Jucá
  • Cavalcanti, Tiago V. de V.
  • Paes, Nelson Leitão

Abstract

This paper aims to analyze the impact of a reduction in Brazilian tax burden and increasing public investment, using a general equilibrium model with exogenous growth, calibrating the model with data from 2010. The results suggest that the current government spending is high and public investment is less than optimal. Simulations in fiscal policy suggest that only tax reduction is not good for the economy, but the increase in public investment would lead to major changes in the level of capital and welfare, and raising real revenue, despite lower tax burden.

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  • Santana, Pollyana Jucá & Cavalcanti, Tiago V. de V. & Paes, Nelson Leitão, 2012. "Impactos de longo prazo de reformas fiscais sobre a economia brasileira," Revista Brasileira de Economia - RBE, FGV EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 66(2), June.
    • Handle: RePEc:fgv:epgrbe:v:66:y:2012:i:2:a:2657
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    File URL: http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/2657
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    1. Robert J. Barro, 1991. "A Cross-Country Study of Growth, Saving, and Government," NBER Chapters,in: National Saving and Economic Performance, pages 271-304 National Bureau of Economic Research, Inc.
    2. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    3. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    4. Easterly, William & Rebelo, Sergio, 1993. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
    5. Anuatti-Neto, Francisco & Barossi-Filho, Milton & de Carvalho, Antonio Gledson & Macedo, Roberto, 2005. "Os Efeitos da Privatização sobre o Desempenho Econômico e Financeiro das Empresas Privatizadas," Revista Brasileira de Economia - RBE, FGV EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 59(2), April.
    6. Evans, Paul & Karras, Georgios, 1996. "Private and government consumption with liquidity constraints," Journal of International Money and Finance, Elsevier, vol. 15(2), pages 255-266, April.
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    1. repec:sbe:breart:v:32:y:2012:i:2:a:9535 is not listed on IDEAS

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