Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91089
Authors: 
Orair, Rodrigo Octávio
Silva, Wesley de Jesus
Year of Publication: 
2012
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1771
Abstract (Translated): 
There are many problems involved in estimating high frequency series for subnational governments. Space State Model (SSM) is a framework capable of handling some of these problems. The techniques that emerge from this approach (temporal disaggregation and nowcasting) are used to estimate monthly series for capital investments by subnational governments in Brazil during 2002-2011. SSM are also used to analyze the dynamic properties of time series. One of the most interesting results is the newly evidence of electoral cycles on investments of both municipalities and states in Brazil. These techniques might be easily generalized for other relevant series. The main objective of this work is to present a methodological framework for estimating and analyzing the development of high frequency series for Brazilians subnational governments. It offers a useful instrument for monitoring fiscal policy and for applied macroeconomic research.
Subjects: 
public investment
space state model
subnational public finance
JEL: 
C82
E69
H72
Document Type: 
Working Paper

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