Composição dos gastos públicos estaduais e crescimento econômico no período de 2000 a 2019 : evidências a partir de dados em painel

Abstract

This paper seeks to explore how the composition of total and aggregate public expenditures on social and economic infrastructure and the participation of intergovernmental transfers affects the growth of Brazilian subnational economies, in the period 2000-2019. Through an empirical analysis, expose the trajectory of the evolution of expenditures related to the provision of public goods and services. To answer the objectives, the panel data technique, an econometric method was used, resorting to different estimation methods, especially the fixed effects method, controlling the heterogeneity present in the variables. Evidence generally indicates that expenditures on social and economic infrastructure and transfers linked to the state equity fund have contributed to economic growth, manifesting a per capita income convergence between Brazilian states in the period under analysis. On the other hand, although the impact of these variables has been positive, the descriptive analysis of the data points to annual reductions in expenditures made by entities linked to successive fiscal adjustments experienced by the Brazilian economy. These results assists in the characterization and composition of the planning and decision-making processes of public agents, in addition to the coordination and orientation of higher efficiency expenditures and a positive impact on growth.