IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v12y1992i3p344-359id1423.html
   My bibliography  Save this article

Government consumption, foreign interest and repressed investment: the problem of external debt revisited

Author

Listed:
  • Fábio Giambiagi
  • José Carlos Gomes Soares

Abstract

This paper analyses the evolution of Brazilian public sector expenditures duringthe second half of the 1980’s. The interpretation according to which the fiscal crisis isexogenous and caused by the external debt interest is criticized. The great increase in currentexpenditures after 1984, together with a budget restriction that limited public investment isdiscussed. Based on it, public sector consumption and not external debt interest payments isconsidered the most important factor responsible for the public investment trajectory overtime during the last five years. JEL Classification: F31; F34; H63.

Suggested Citation

  • Fábio Giambiagi & José Carlos Gomes Soares, 1992. "Government consumption, foreign interest and repressed investment: the problem of external debt revisited," Brazilian Journal of Political Economy, Center of Political Economy, vol. 12(3), pages 344-359.
    • Handle: RePEc:ekm:repojs:v:12:y:1992:i:3:p:344-359:id:1423
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1423/1409
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Public expenditure; currency crisis; debt crisis;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:12:y:1992:i:3:p:344-359:id:1423. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.