Política fiscal anticíclica, crise financeira internacional e crescimento econômico no Brasil

Revista de Economia Política

Sérgio Ricardo De Brito Gadelha¹ 

[1] ,Secretaria do Tesouro Nacional

关键词: countercyclical fiscal policy;    government expenditures;    economic growth;    Granger causality;   

DOI  :  10.1590/S0101-31572011000500006

来源: SciELO

【 摘 要 】

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.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License