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dc.date.accessioned 2014-04-30T11:58:44Z
dc.date.available 2014-04-30T11:58:44Z
dc.date.issued 2013
dc.identifier.uri http://sedici.unlp.edu.ar/handle/10915/35060
dc.description.abstract 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. en
dc.language es es
dc.subject Brasil es
dc.subject economía es
dc.subject JEL: H62; H63; H74 es
dc.subject fiscal space en
dc.subject fiscal sustainability en
dc.subject administración fiscal es
dc.subject incentivo fiscal es
dc.subject debt dynamics en
dc.subject sub-national borrowing en
dc.subject state finance en
dc.title Fiscal space of Brazilian states en
dc.type Objeto de conferencia es
sedici.identifier.uri http://www.depeco.econo.unlp.edu.ar/financlocal/4-Bastos-Pineda.pdf es
sedici.creator.person Bastos, Fabiano es
sedici.creator.person Pineda, Emilio es
sedici.subject.materias Ciencias Económicas es
sedici.description.fulltext true es
mods.originInfo.place Departamento de Economía es
sedici.subtype Objeto de conferencia es
sedici.rights.license Creative Commons Attribution 3.0 Unported (CC BY 3.0)
sedici.rights.uri http://creativecommons.org/licenses/by/3.0/
sedici.date.exposure 2013-07
sedici.relation.event II Jornadas Iberoamericanas de Financiación Local (La Plata, 2013) es
sedici.description.peerReview peer-review es


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Creative Commons Attribution 3.0 Unported (CC BY 3.0) Excepto donde se diga explícitamente, este item se publica bajo la siguiente licencia Creative Commons Attribution 3.0 Unported (CC BY 3.0)