Public debt sustainability of brazilian states

Detalhes bibliográficos
Autor(a) principal: Fontenele, Ana Lúcia
Data de Publicação: 2015
Outros Autores: Tabosa, Francisco José Silva, Júnior, José Nilo de Oliveira, Guimarães, Daniel Barboza
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Ciências Administrativas (Fortaleza. Online)
Texto Completo: https://ojs.unifor.br/rca/article/view/4163
Resumo: The aim of this study then is to analyze whether the public debt of the 26 Brazilian states and the Federal District is sustainable in the period 2000-2010, after the implementation of the Fiscal Responsibility Law. For this , we applied the unit root test of Im, Pesaram e Shin (2003) for panel data, which considers the autoregressive coefficients vary for each unit tested, because each state has specific characteristics, in order to find out if there stationarity in the debt / GDP ratio. However, the results showed that, except for the states of the Midwest Region, public debt presented an unsustainable behavior in the analysis period confirming the results found by Lopes (2007) and Tabosa et al. (2011). Keywords: Public Debt. Sustainability.Brazilian states.Fiscal Responsibility Law.
id UNIFOR-2_c6f7fa6ab173ac1842fdb56fe7a9cb28
oai_identifier_str oai:ojs.ojs.unifor.br:article/4163
network_acronym_str UNIFOR-2
network_name_str Revista Ciências Administrativas (Fortaleza. Online)
repository_id_str
spelling Public debt sustainability of brazilian statesSustentabilidade da dívida pública dos estados brasileiros (Public debt sustainability of brazilian states)The aim of this study then is to analyze whether the public debt of the 26 Brazilian states and the Federal District is sustainable in the period 2000-2010, after the implementation of the Fiscal Responsibility Law. For this , we applied the unit root test of Im, Pesaram e Shin (2003) for panel data, which considers the autoregressive coefficients vary for each unit tested, because each state has specific characteristics, in order to find out if there stationarity in the debt / GDP ratio. However, the results showed that, except for the states of the Midwest Region, public debt presented an unsustainable behavior in the analysis period confirming the results found by Lopes (2007) and Tabosa et al. (2011). Keywords: Public Debt. Sustainability.Brazilian states.Fiscal Responsibility Law.O objetivo deste estudo é analisar se o endividamento público dos 26 estados brasileiros e do Distrito Federal é sustentável no período de 2000 a 2010, após a implementação da Lei de Responsabilidade Fiscal. Para isso, foi aplicado o teste de raiz unitária de Im, Pesaram e Shin (2003) para dados em painel, o qual considera que os coeficientes autorregressivos podem variar para cada unidade analisada, pois cada estado apresenta características próprias, com o intuito de descobrir se há estacionariedade na razão dívida/PIB. Porém, os resultados mostraram que, exceto para os estados da Região Centro-Oeste, a dívida pública apresentou um comportamento insustentável no período analisado, confirmando os resultados encontrados por Lopes (2007) e Tabosa et al. (2011). DOI: 10.5020/2318-0722.2015.v21n2p621Universidade de Fortaleza2015-12-22info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojs.unifor.br/rca/article/view/4163Revista Ciências Administrativas; v. 21 n. 2 (2015)2318-0722reponame:Revista Ciências Administrativas (Fortaleza. Online)instname:Universidade de Fortaleza (UNIFOR)instacron:UNIFORporhttps://ojs.unifor.br/rca/article/view/4163/pdfFontenele, Ana LúciaTabosa, Francisco José SilvaJúnior, José Nilo de OliveiraGuimarães, Daniel Barbozainfo:eu-repo/semantics/openAccess2020-04-02T18:26:39Zoai:ojs.ojs.unifor.br:article/4163Revistahttps://periodicos.unifor.br/rcahttp://ojs.unifor.br/index.php/rca/oai||revcca@unifor.br|| sergioforte@unifor.br2318-07221414-0896opendoar:2020-04-02T18:26:39Revista Ciências Administrativas (Fortaleza. Online) - Universidade de Fortaleza (UNIFOR)false
dc.title.none.fl_str_mv Public debt sustainability of brazilian states
Sustentabilidade da dívida pública dos estados brasileiros (Public debt sustainability of brazilian states)
title Public debt sustainability of brazilian states
spellingShingle Public debt sustainability of brazilian states
Fontenele, Ana Lúcia
title_short Public debt sustainability of brazilian states
title_full Public debt sustainability of brazilian states
title_fullStr Public debt sustainability of brazilian states
title_full_unstemmed Public debt sustainability of brazilian states
title_sort Public debt sustainability of brazilian states
author Fontenele, Ana Lúcia
author_facet Fontenele, Ana Lúcia
Tabosa, Francisco José Silva
Júnior, José Nilo de Oliveira
Guimarães, Daniel Barboza
author_role author
author2 Tabosa, Francisco José Silva
Júnior, José Nilo de Oliveira
Guimarães, Daniel Barboza
author2_role author
author
author
dc.contributor.author.fl_str_mv Fontenele, Ana Lúcia
Tabosa, Francisco José Silva
Júnior, José Nilo de Oliveira
Guimarães, Daniel Barboza
description The aim of this study then is to analyze whether the public debt of the 26 Brazilian states and the Federal District is sustainable in the period 2000-2010, after the implementation of the Fiscal Responsibility Law. For this , we applied the unit root test of Im, Pesaram e Shin (2003) for panel data, which considers the autoregressive coefficients vary for each unit tested, because each state has specific characteristics, in order to find out if there stationarity in the debt / GDP ratio. However, the results showed that, except for the states of the Midwest Region, public debt presented an unsustainable behavior in the analysis period confirming the results found by Lopes (2007) and Tabosa et al. (2011). Keywords: Public Debt. Sustainability.Brazilian states.Fiscal Responsibility Law.
publishDate 2015
dc.date.none.fl_str_mv 2015-12-22
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://ojs.unifor.br/rca/article/view/4163
url https://ojs.unifor.br/rca/article/view/4163
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://ojs.unifor.br/rca/article/view/4163/pdf
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de Fortaleza
publisher.none.fl_str_mv Universidade de Fortaleza
dc.source.none.fl_str_mv Revista Ciências Administrativas; v. 21 n. 2 (2015)
2318-0722
reponame:Revista Ciências Administrativas (Fortaleza. Online)
instname:Universidade de Fortaleza (UNIFOR)
instacron:UNIFOR
instname_str Universidade de Fortaleza (UNIFOR)
instacron_str UNIFOR
institution UNIFOR
reponame_str Revista Ciências Administrativas (Fortaleza. Online)
collection Revista Ciências Administrativas (Fortaleza. Online)
repository.name.fl_str_mv Revista Ciências Administrativas (Fortaleza. Online) - Universidade de Fortaleza (UNIFOR)
repository.mail.fl_str_mv ||revcca@unifor.br|| sergioforte@unifor.br
_version_ 1788165807961800704

Registros relacionados