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Public expenditures taxation and welfare measurement

Listed author(s):
  • Ferreira, Pedro Cavalcanti
Registered author(s):

    this article addresses the welfare and macroeconomics effects of fiscal policy in a frarnework where govemment chooses tax rates and the distribution of revenues between consumption and investment. We construct and simulate a model where public consumption affects individuaIs' utility and public capital is an argument of the production function. The simulations suggest that by simply reallocating expenditures from consumption to investment, the govemment can increase the equilibrium leveIs of capital stock, hours worked, output and labor productivity. Funhennore, we 'show that the magnitude and direction of the long run impact of fiscal policy depends on the size of the elasticity of output to public capital. If this parameter is high enough, it may be the case that capital stock, within limits, increases with tax rates.

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    File URL: http://bibliotecadigital.fgv.br/dspace/bitstream/10438/872/1/000061933.pdf
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    Paper provided by FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil) in its series FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) with number 239.

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    Date of creation: May 1994
    Handle: RePEc:fgv:epgewp:239
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    1. Barbosa, Fernando de Holanda, 1993. "A indexação dos ativos financeiros: a experiência brasileira," Revista Brasileira de Economia - RBE, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 47(3), July.
    2. Moreira, Humberto Ataíde & Cysne, Rubens Penha, 1993. "Topologia e cálculo no Rn," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 221, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    3. Sallum, Elvia Mureb & Barbosa, Fernando de Holanda & Pereira, Pedro L. Valls, 1993. "A substituição de moeda no Brasil: a moeda indexada," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 224, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    4. Barbosa, Fernando de Holanda & Arteiro, Hélio Lechuga & Caldas, Manuel Jeremias Leite & Pina, Mario Jorge Fróes Cardozo de, 1991. "Aspectos econômicos das empresas estatais no Brasil: telecomunicações, eletricidade e petróleo," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 184, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    5. Sallum, Elvia Mureb & Barbosa, Fernando de Holanda, 1992. "Hiperinflação e o Regime das Políticas Monetária-Fiscal," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 190, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    6. Barbosa, Fernando de Holanda, 1989. "Macroeconomia," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 138, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    7. Fernando de Holanda Barbosa & Rubens Penha Cysne & Marcos Costa Holanda, 1992. "Underinvoicing of exports, overinvoicing of imports, and the dollar premium on the black market," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 7(1), pages 69-83.
    8. Barbosa, Fernando de Holanda, 1992. "Inflação e cidadania," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 193, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    9. Sallum, Elvia Mureb & Barbosa, Fernando de Holanda & Oliva, Waldyr Muniz, 1991. "A dinâmica da hiperinflação," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 173, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    10. Barbosa, Fernando de Holanda, 1993. "Hiperinflação e a forma funcional da equação de demanda de moeda," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 206, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    11. Barbosa, Fernando de Holanda, 1991. "A eficiência da intervenção do estado na economia," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 183, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    12. Barbosa, Fernando de Holanda, 1992. "Política Monetária Ótima no Combate à Inflação," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 12(1), April.
    13. Castro, Hélio de Oliveira Portocarrero de & Oliveira, Luiz Guilherme Schymura de & Cardoso, Renato Fragelli & Magalhães, Uriel de, 1993. "Os sistemas previdenciários e uma proposta para a reformulação do modelo brasileiro," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 211, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    14. Barbosa, Fernando de Holanda & Sanchez de La Cal, Manuel, 1987. "Brazilian experience with external debt and prospects for growth," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 104, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    15. Barbosa, Fernando de Holanda, 1989. "A controvérsia monetarista no hemisfério norte," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 146, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    16. Castro, Hélio de Oliveira Portocarrero de & Oliveira, Luiz Guilherme Schymura de & Cardoso, Renato Fragelli & Werlang, Sérgio Ribeiro da Costa & Magalhães, Uriel de, 1994. "Regimes complementares de previdência," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 238, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    17. Castro, Hélio de Oliveira Portocarrero de & Oliveira, Luiz Guilherme Schymura de & Cardoso, Renato Fragelli & Magalhães, Uriel de, 1993. "Previdência social pública: a experiência brasileira," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 210, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    18. Barbosa, Fernando de Holanda, 1990. "Mercado aberto brasileiro: análise dos procedimentos operacionais," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 160, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    19. Silveira, Antonio Maria da & Barbosa, Nelson & Freitas, Fábio N.P. & Monteiro, Marcos de Bustamante & Vernengo, Matias & Lopes, Carlos Fernando Lagrota R., 1993. "Estudos sobre a indeterminação de senior, vol. 1," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 223, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
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