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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

Listed:
  • Roberto Santolin

    (Cedeplar-UFMG)

  • Frederico G. Jayme Jr.

    (Cedeplar-UFMG)

  • Julio César dos Reis

    (Cedeplar-UFMG)

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.

Suggested Citation

  • Roberto Santolin & Frederico G. Jayme Jr. & Julio César dos Reis, 2009. "Lei de responsabilidade fiscal e implicações na despesa de pessoal e de investimento nos municípios mineiros: um estudo com dados em painel dinâmico," Textos para Discussão Cedeplar-UFMG td356, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td356
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    File URL: http://www.cedeplar.ufmg.br/pesquisas/td/TD%20356.pdf
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    Keywords

    Fiscal Responsibility Law; Municipal Finance; Dynamic Panel;

    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

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