Fiscal space of Brazilian states

Autores
Bastos, Fabiano; Pineda, Emilio
Año de publicación
2013
Idioma
español castellano
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
We estimate the fiscal space of Brazilian states defined as the difference between a state's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. Fiscal reaction functions and debt limits are estimated using publically available data between 2000 and 2011 for the 26 Brazilian states and the Federal District. The results suggest that after a decae of fiscal consideration, a number of states have fiscal space but there remains significant heterogeneity across states. Going forward, enhancing the role of market incentives and strengthening rules-based approaches governing sub-national debt build-up would contribute to a prudent and effective use of existing fiscal space.
Departamento de Economía
Materia
Ciencias Económicas
Brasil
economía
JEL: H62; H63; H74
administración fiscal
incentivo fiscal
fiscal space
fiscal sustainability
debt dynamics
sub-national borrowing
state finance
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by/3.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/35060
Acceder
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oai_identifier_str oai:sedici.unlp.edu.ar:10915/35060
network_acronym_str SEDICI
repository_id_str 1329
network_name_str SEDICI (UNLP)
spelling Fiscal space of Brazilian statesBastos, FabianoPineda, EmilioCiencias EconómicasBrasileconomíaJEL: H62; H63; H74administración fiscalincentivo fiscalfiscal spacefiscal sustainabilitydebt dynamicssub-national borrowingstate financeWe estimate the fiscal space of Brazilian states defined as the difference between a state's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. Fiscal reaction functions and debt limits are estimated using publically available data between 2000 and 2011 for the 26 Brazilian states and the Federal District. The results suggest that after a decae of fiscal consideration, a number of states have fiscal space but there remains significant heterogeneity across states. Going forward, enhancing the role of market incentives and strengthening rules-based approaches governing sub-national debt build-up would contribute to a prudent and effective use of existing fiscal space.Departamento de Economía2013-07info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/35060spainfo:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/financlocal/4-Bastos-Pineda.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/Creative Commons Attribution 3.0 Unported (CC BY 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T10:59:11Zoai:sedici.unlp.edu.ar:10915/35060Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 10:59:11.604SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Fiscal space of Brazilian states
title Fiscal space of Brazilian states
spellingShingle Fiscal space of Brazilian states
Bastos, Fabiano
Ciencias Económicas
Brasil
economía
JEL: H62; H63; H74
administración fiscal
incentivo fiscal
fiscal space
fiscal sustainability
debt dynamics
sub-national borrowing
state finance
title_short Fiscal space of Brazilian states
title_full Fiscal space of Brazilian states
title_fullStr Fiscal space of Brazilian states
title_full_unstemmed Fiscal space of Brazilian states
title_sort Fiscal space of Brazilian states
dc.creator.none.fl_str_mv Bastos, Fabiano
Pineda, Emilio
author Bastos, Fabiano
author_facet Bastos, Fabiano
Pineda, Emilio
author_role author
author2 Pineda, Emilio
author2_role author
dc.subject.none.fl_str_mv Ciencias Económicas
Brasil
economía
JEL: H62; H63; H74
administración fiscal
incentivo fiscal
fiscal space
fiscal sustainability
debt dynamics
sub-national borrowing
state finance
topic Ciencias Económicas
Brasil
economía
JEL: H62; H63; H74
administración fiscal
incentivo fiscal
fiscal space
fiscal sustainability
debt dynamics
sub-national borrowing
state finance
dc.description.none.fl_txt_mv We estimate the fiscal space of Brazilian states defined as the difference between a state's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. Fiscal reaction functions and debt limits are estimated using publically available data between 2000 and 2011 for the 26 Brazilian states and the Federal District. The results suggest that after a decae of fiscal consideration, a number of states have fiscal space but there remains significant heterogeneity across states. Going forward, enhancing the role of market incentives and strengthening rules-based approaches governing sub-national debt build-up would contribute to a prudent and effective use of existing fiscal space.
Departamento de Economía
description We estimate the fiscal space of Brazilian states defined as the difference between a state's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. Fiscal reaction functions and debt limits are estimated using publically available data between 2000 and 2011 for the 26 Brazilian states and the Federal District. The results suggest that after a decae of fiscal consideration, a number of states have fiscal space but there remains significant heterogeneity across states. Going forward, enhancing the role of market incentives and strengthening rules-based approaches governing sub-national debt build-up would contribute to a prudent and effective use of existing fiscal space.
publishDate 2013
dc.date.none.fl_str_mv 2013-07
dc.type.none.fl_str_mv info:eu-repo/semantics/conferenceObject
info:eu-repo/semantics/publishedVersion
Objeto de conferencia
http://purl.org/coar/resource_type/c_5794
info:ar-repo/semantics/documentoDeConferencia
format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/35060
url http://sedici.unlp.edu.ar/handle/10915/35060
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/financlocal/4-Bastos-Pineda.pdf
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/3.0/
Creative Commons Attribution 3.0 Unported (CC BY 3.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/3.0/
Creative Commons Attribution 3.0 Unported (CC BY 3.0)
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:SEDICI (UNLP)
instname:Universidad Nacional de La Plata
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instname_str Universidad Nacional de La Plata
instacron_str UNLP
institution UNLP
repository.name.fl_str_mv SEDICI (UNLP) - Universidad Nacional de La Plata
repository.mail.fl_str_mv alira@sedici.unlp.edu.ar
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