Elementos da receita e da despesa pública: implicações para o crescimento econômico dos municípios de Alagoas para o período de 2000 a 2010

Abstract

This study explores the relationship between fiscal policy and economic growth in the municipalities of Alagoas. It was adopted as a theoretical basis to the proposal of the endogenous growth theory and new economic geography. The econometric formulation came from the design illustrated by Barro (1990) and Krugman (1991). Therefore, the variables used were: health and sanitation; education and culture; housing and urban planning and assistance and welfare; property tax; ISS; demographic density; transportation cost and the proportion of local industrial GDP relative to GDP per capita of municipalities. The temporal court considered in this study extends from 2000 to 2010, assuming to be the most recent decade with availability of information. In the state count is 102 municipalities, which has a total of 1,121 observations. The results were achieved by regressing the panel data in the fixed effect methods and Generalized Method of Moments (GMM) in Difference and System forms. Within the results, evidence supports the theoretical assumption of positive effects on some of the variables on economic growth. Especially the expenditure on education and culture and the proportion of industrial GDP showed a very significant increase on economic growth. Given that the allocation of resources in this type of expenditure raises the skill levels of individuals and composition of industrial blocks helps reduce costs, the simultaneity of information exchange, with also stimulate the entry of new industries that promote new investments and the generation of employment and income. So you can point out through this work the great importance in directing efforts by local governments in the spheres oportunizem expansion in skill levels and promoting industrial centers, as these stimulate the generation of investments that foster the rise of development local economies.