Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91278
Authors: 
Schettini, Bernardo Patta
Year of Publication: 
2012
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1685
Abstract (Translated): 
The paper estimates a panel-VAR using data on total expenditures, tax receipts and overall grants received for 5.544 Brazilian municipalities observed from 2002 through 2010. A sequence of hypotheses was investigated by the means of overidentification test statistics. Among our main findings, we underscore there exists evidence of change in the fiscal behavior of the municipalities, but which in average support the tax and spend hypothesis, as well as the flypaper effect of grants over expenditures. We also find there is a lot more dynamics in the expenditure compared to own revenues. We believe these results shed light on some important aspects of the municipal budget dynamics.
JEL: 
C12
C33
H72
Document Type: 
Working Paper

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