An Analysis of Municipal Debt in Brazil

Detalhes bibliográficos
Autor(a) principal: Costa, Rodolfo Ferreira Ribeiro
Data de Publicação: 2019
Outros Autores: Lucena, Raphael Douglas de Freitas
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/72151
Resumo: This study presents an approach rarely discussed in the ambit of public finances,exposing the idea that the process of indebtedness is composed by permanent and transitoryfactors. With this, the objective was to measure the permanent part and the transitory partof the indebtedness of Brazilian municipalities in the years 1989 to 2012. For this, a methodthat can be applied in non-stationary and non-linear series is called Decomposition inEmpirical Modes. The results indicate that the composition of the process of indebtednessof the municipalities is largely formed by the transitory factor of the debt, in other words,the municipal governments have been expanding their debts generally in their respectivebudgets cycles.
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spelling An Analysis of Municipal Debt in BrazilUMA ANÁLISE DO ENDIVIDAMENTO MUNICIPAL NO BRASILIndebtednessMunicipalitiesDecomposition in empirical modeH63H72C32EndividamentoMunicípiosDecomposição em modos empíricosH63H72C32This study presents an approach rarely discussed in the ambit of public finances,exposing the idea that the process of indebtedness is composed by permanent and transitoryfactors. With this, the objective was to measure the permanent part and the transitory partof the indebtedness of Brazilian municipalities in the years 1989 to 2012. For this, a methodthat can be applied in non-stationary and non-linear series is called Decomposition inEmpirical Modes. The results indicate that the composition of the process of indebtednessof the municipalities is largely formed by the transitory factor of the debt, in other words,the municipal governments have been expanding their debts generally in their respectivebudgets cycles.Este estudo apresenta uma abordagem raramente discutida no âmbito das finanças públicas, expondo a ideia de que o processo de endividamento é composto por um fator permanente e outro transitório. Com isso, o objetivo émensurar a parte permanente e a parte transitória do endividamento dos municípios brasileiros nos anos de 1989 a 2012. Para isso, é utilizado um método que pode ser aplicado em séries não estacionárias e não lineares, chamado de decomposição em modos empíricos. Os resultados indicam que a composição do processo de endividamento dos municípios é, em grande parte, formada pelo fator transitório da dívida, em outras palavras, os governos municipais vêm expandindo suas dívidas de modo geral em seus respectivos ciclos orçamentários.UFRGS2019-08-05info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/7215110.22456/2176-5456.72151Análise Econômica; Vol. 37 No. 73 (2019): Junho/2019Análise Econômica; v. 37 n. 73 (2019): Junho/20192176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/72151/53563Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessCosta, Rodolfo Ferreira RibeiroLucena, Raphael Douglas de Freitas2020-06-29T21:35:38Zoai:seer.ufrgs.br:article/72151Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2020-06-29T21:35:38Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv An Analysis of Municipal Debt in Brazil
UMA ANÁLISE DO ENDIVIDAMENTO MUNICIPAL NO BRASIL
title An Analysis of Municipal Debt in Brazil
spellingShingle An Analysis of Municipal Debt in Brazil
Costa, Rodolfo Ferreira Ribeiro
Indebtedness
Municipalities
Decomposition in empirical mode
H63
H72
C32
Endividamento
Municípios
Decomposição em modos empíricos
H63
H72
C32
title_short An Analysis of Municipal Debt in Brazil
title_full An Analysis of Municipal Debt in Brazil
title_fullStr An Analysis of Municipal Debt in Brazil
title_full_unstemmed An Analysis of Municipal Debt in Brazil
title_sort An Analysis of Municipal Debt in Brazil
author Costa, Rodolfo Ferreira Ribeiro
author_facet Costa, Rodolfo Ferreira Ribeiro
Lucena, Raphael Douglas de Freitas
author_role author
author2 Lucena, Raphael Douglas de Freitas
author2_role author
dc.contributor.author.fl_str_mv Costa, Rodolfo Ferreira Ribeiro
Lucena, Raphael Douglas de Freitas
dc.subject.por.fl_str_mv Indebtedness
Municipalities
Decomposition in empirical mode
H63
H72
C32
Endividamento
Municípios
Decomposição em modos empíricos
H63
H72
C32
topic Indebtedness
Municipalities
Decomposition in empirical mode
H63
H72
C32
Endividamento
Municípios
Decomposição em modos empíricos
H63
H72
C32
description This study presents an approach rarely discussed in the ambit of public finances,exposing the idea that the process of indebtedness is composed by permanent and transitoryfactors. With this, the objective was to measure the permanent part and the transitory partof the indebtedness of Brazilian municipalities in the years 1989 to 2012. For this, a methodthat can be applied in non-stationary and non-linear series is called Decomposition inEmpirical Modes. The results indicate that the composition of the process of indebtednessof the municipalities is largely formed by the transitory factor of the debt, in other words,the municipal governments have been expanding their debts generally in their respectivebudgets cycles.
publishDate 2019
dc.date.none.fl_str_mv 2019-08-05
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/72151
10.22456/2176-5456.72151
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/72151
identifier_str_mv 10.22456/2176-5456.72151
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/72151/53563
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 37 No. 73 (2019): Junho/2019
Análise Econômica; v. 37 n. 73 (2019): Junho/2019
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
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