RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY
Autor(a) principal: | |
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Data de Publicação: | 2015 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Análise Econômica (Online) |
Texto Completo: | https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/41890 |
Resumo: | The paper investigates the effects of fiscal policy in Brazilian economy during the 1995-2009 period. For that, presents the ricardian equivalence hypothesis and discuss theoretical objections. From the vector autoregressive (VAR) approach, the paper analyzes the reaction of the variables national saving/GDP and private consumption/GDP to impulses in the variables of fiscal policy tax burden and government consumption/GDP. The results indicate that the effects of shocks in the tax burden are not ricardians in the Brazilian case. |
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RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMYEQUIVALÊNCIA RICARDIANA E OS EFEITOS DA POLÍTICA FISCAL NA ECONOMIA BRASILEIRAPolítica fiscalEquivalência ricardianaModelo vetor autorregressivoC32E6E62Fiscal policyRicardian equivalenceVector autoregressiveC32E6E62The paper investigates the effects of fiscal policy in Brazilian economy during the 1995-2009 period. For that, presents the ricardian equivalence hypothesis and discuss theoretical objections. From the vector autoregressive (VAR) approach, the paper analyzes the reaction of the variables national saving/GDP and private consumption/GDP to impulses in the variables of fiscal policy tax burden and government consumption/GDP. The results indicate that the effects of shocks in the tax burden are not ricardians in the Brazilian case.Este artigo analisa os efeitos da política fiscal na economia brasileira no período de 1995 a 2009. Para tanto, apresenta a hipótese da equivalência ricardiana e discute as objeções teóricas. A partir de uma abordagem de vetor autorregressivo (VAR), analisa-se a resposta das variáveis poupança nacional/PIB e consumo privado/PIB a impulsos nas variáveis de política fiscal, carga tributária e consumo do governo/PIB. Os resultados indicam que os efeitos de choques na carga tributária não são ricardianos no caso brasileiro.UFRGS2015-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/4189010.22456/2176-5456.41890Análise Econômica; Vol. 33 No. 64 (2015): setembro de 2015Análise Econômica; v. 33 n. 64 (2015): setembro de 20152176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/41890/34912Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessMarques Junior, Liderau dos Santos2015-09-01T23:17:54Zoai:seer.ufrgs.br:article/41890Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2015-09-01T23:17:54Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false |
dc.title.none.fl_str_mv |
RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY EQUIVALÊNCIA RICARDIANA E OS EFEITOS DA POLÍTICA FISCAL NA ECONOMIA BRASILEIRA |
title |
RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY |
spellingShingle |
RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY Marques Junior, Liderau dos Santos Política fiscal Equivalência ricardiana Modelo vetor autorregressivo C32 E6 E62 Fiscal policy Ricardian equivalence Vector autoregressive C32 E6 E62 |
title_short |
RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY |
title_full |
RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY |
title_fullStr |
RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY |
title_full_unstemmed |
RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY |
title_sort |
RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY |
author |
Marques Junior, Liderau dos Santos |
author_facet |
Marques Junior, Liderau dos Santos |
author_role |
author |
dc.contributor.author.fl_str_mv |
Marques Junior, Liderau dos Santos |
dc.subject.por.fl_str_mv |
Política fiscal Equivalência ricardiana Modelo vetor autorregressivo C32 E6 E62 Fiscal policy Ricardian equivalence Vector autoregressive C32 E6 E62 |
topic |
Política fiscal Equivalência ricardiana Modelo vetor autorregressivo C32 E6 E62 Fiscal policy Ricardian equivalence Vector autoregressive C32 E6 E62 |
description |
The paper investigates the effects of fiscal policy in Brazilian economy during the 1995-2009 period. For that, presents the ricardian equivalence hypothesis and discuss theoretical objections. From the vector autoregressive (VAR) approach, the paper analyzes the reaction of the variables national saving/GDP and private consumption/GDP to impulses in the variables of fiscal policy tax burden and government consumption/GDP. The results indicate that the effects of shocks in the tax burden are not ricardians in the Brazilian case. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-09-01 |
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/41890 10.22456/2176-5456.41890 |
url |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/41890 |
identifier_str_mv |
10.22456/2176-5456.41890 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/41890/34912 |
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. 33 No. 64 (2015): setembro de 2015 Análise Econômica; v. 33 n. 64 (2015): setembro de 2015 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 |
_version_ |
1799766267447476224 |