Política fiscal anticíclica, crise financeira internacional e crescimento econômico no Brasil
Year: 2011
Type: article
Abstract: Política fiscal anticíclica, crise financeira internacional e crescimento econômico no brasilSéRgIo RICARdo de bRIto gAdelHA* Countercyclical fiscal policy, international financial crisis and economic growth in Brazil.This study analyzes the long run equilibrium relationship and causality between economic growth and public expenditure in Brazil covering the period 1980-2008.The empirical results of the Granger causality test in a multivariate framework have shown up the importance of public investments not only to face the adverse effects of the international financial crisis, but also in stimulating the economic growth.Also, the results indicate the need of controlling the growing path of other current expenditure, social security and public debt.
Author: Sérgio Ricardo de Brito Gadelha
Language: Portuguese
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2016195368