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Déficit e Ajuste Fiscal dos Municípios Paulistas: Uma Análise para o Período 1989 – 2001 via Dados em Painel

Author

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  • Sergio Naruhiko Sakurai

    (USP)

Abstract

By considering the São Paulo state municipalities, the present study develops an econometric model – panel logit – to analyze the political and fiscal determinants of budgetary surpluses / budgetary deficits during the 1989 – 2001 period. According to the obtained results, the fiscal adjustment is negatively influenced by high payroll expenditures, although apparently insensible to the municipal taxation effort and political parties differences. Additionally, the Fiscal Responsibility Law and the Brazilian Treasury 089/97 Complementary Law seem to exert a positive control on the probability of fiscal surpluses by the unities here considered.

Suggested Citation

  • Sergio Naruhiko Sakurai, 2005. "Déficit e Ajuste Fiscal dos Municípios Paulistas: Uma Análise para o Período 1989 – 2001 via Dados em Painel," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 6(2), pages 463-488.
    • Handle: RePEc:anp:econom:v:6:y:2005:i:2:p:463-488
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    More about this item

    Keywords

    Dados em Painel; Défict Público Municipal; Ciclos Eleitorais;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities

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