Fiscal space of Brazilian states

We estimate the fiscal space of Brazilian states defined as the difference between a state's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. Fiscal reaction functions and debt limits are estimated using publically available data between 2000 an...

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Autores principales: Bastos, Fabiano, Pineda, Emilio
Formato: Objeto de conferencia
Lenguaje:Español
Publicado: 2013
Materias:
Ciencias Económicas
Brasil
economía
JEL: H62; H63; H74
administración fiscal
incentivo fiscal
fiscal space
fiscal sustainability
debt dynamics
sub-national borrowing
state finance
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/35060
http://www.depeco.econo.unlp.edu.ar/financlocal/4-Bastos-Pineda.pdf
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SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-35060
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Español
topic Ciencias Económicas
Brasil
economía
JEL: H62; H63; H74
administración fiscal
incentivo fiscal
fiscal space
fiscal sustainability
debt dynamics
sub-national borrowing
state finance
spellingShingle Ciencias Económicas
Brasil
economía
JEL: H62; H63; H74
administración fiscal
incentivo fiscal
fiscal space
fiscal sustainability
debt dynamics
sub-national borrowing
state finance
Bastos, Fabiano
Pineda, Emilio
Fiscal space of Brazilian states
topic_facet Ciencias Económicas
Brasil
economía
JEL: H62; H63; H74
administración fiscal
incentivo fiscal
fiscal space
fiscal sustainability
debt dynamics
sub-national borrowing
state finance
description We estimate the fiscal space of Brazilian states defined as the difference between a state's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. Fiscal reaction functions and debt limits are estimated using publically available data between 2000 and 2011 for the 26 Brazilian states and the Federal District. The results suggest that after a decae of fiscal consideration, a number of states have fiscal space but there remains significant heterogeneity across states. Going forward, enhancing the role of market incentives and strengthening rules-based approaches governing sub-national debt build-up would contribute to a prudent and effective use of existing fiscal space.
format Objeto de conferencia
Objeto de conferencia
author Bastos, Fabiano
Pineda, Emilio
author_facet Bastos, Fabiano
Pineda, Emilio
author_sort Bastos, Fabiano
title Fiscal space of Brazilian states
title_short Fiscal space of Brazilian states
title_full Fiscal space of Brazilian states
title_fullStr Fiscal space of Brazilian states
title_full_unstemmed Fiscal space of Brazilian states
title_sort fiscal space of brazilian states
publishDate 2013
url http://sedici.unlp.edu.ar/handle/10915/35060
http://www.depeco.econo.unlp.edu.ar/financlocal/4-Bastos-Pineda.pdf
work_keys_str_mv AT bastosfabiano fiscalspaceofbrazilianstates
AT pinedaemilio fiscalspaceofbrazilianstates
bdutipo_str Repositorios
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