Uncertainty and public expenditure: An analysis from a model of interactive variables

Author:

Gama FabioORCID,Bastos SuzanaORCID

Abstract

In accordance with the post-Keynesian theory, the purpose of this study was to determine how public spending influences the impact of banking uncertainty assessed by banks' liquidity preference – on the economic performance of Brazilian microregions. For this purpose, a data panel model with interactive variables was used for the period from 2003 to 2014. As expenditure variables, municipal aggregate expenditure on education and transportation was used. The results indicate that public expenditures are relevant to determine the level of economic activity in a direct way, and indirectly by reducing the adverse impact of bank uncertainty on the economic performance of microregions. In addition, spending on education proved to be more effective in determining output than transport spending.

Publisher

EdiUNS - Editorial de la Universidad Nacional del Sur

Subject

General Medicine

Reference42 articles.

1. Abitante, K. G. (2007). Desigualdade no Brasil: Um estudo sobre convergência de renda. Pesquisa & Debate, 18(2),155-169. Disponível em http://revistas.pucsp.br/rpe/article/view/11801

2. Andrade, C. (2009). Crédito e Crescimento Econômico: Uma análise da relevância dos tipos de crédito no Brasil, (Dissertação de Mestrado). Centro de Desenvolvimento e planejamento Regional de Ciências Econômicas, Universidade Federal de Minas Gerais, Belo Horizonte.

3. Araújo, V. L. (2012). Preferência pela liquidez dos bancos públicos no ciclo de expansão do crédito no Brasil: 2003-2010. (Ipea, Texto para discussão No. 1717). Disponível em http://repositorio.ipea.gov.br/bitstream/11058/1235/1/TD_1717.pdf

4. Arellano, M. & Bover, O. (1995). Another look at the instrumental variable estimation of error components models. Journal of Econometrics, 68(1), 29-51.doi: 10.1016/0304-4076(94)01642-D

5. Baltagi, B. H. & Ping. X. W. (1999). Unequally spaced panel data regressions with AR (1) disturbances. Econometric Theory, 15(6), 814-823. doi: 10.1017/S0266466699156020

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3