Research Objectives: This research aimed to approach the management of municipal fiscal policies by investigating the causes of its economic growth and examining its fiscal and historical effects on the variation of GDP in municipalities. Theoretic Background: Institutional theory and endogenous economic growth was used to support our models and posterior analysis. Methodology: We used the Brazilian municipalities as our case study, taking the IBGE and STN databases for the period from 2002 to 2018. We examined the effects of municipal fiscal variables, such as expenses and revenues, and historical facts on the variation rates of municipal GDPs by using panel data models. Findings: Results show that historical factors were statistically significant for municipal economic growth. Specifically, in the Brazilian case, municipalities close to the Sugar and Coffee Cycles regions and those that have been the farthest municipalities away from Portugal. Originality: We couldn’t find similar studies with this approach to the best of our knowledge. Theoretical and practical contributions: Findings obtained from this research are relevant for policymakers in general since they point to the role of historical factors in public economic policies. Keywords: Fiscal policy, Economic growth, Historical factors.

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DOI:

https://doi.org/10.21118/apgs.v15i3.13809

Abstract

Research Objectives: This research aimed to approach the management of municipal fiscal policies by investigating the causes of its economic growth and examining its fiscal and historical effects on the variation of GDP in municipalities.

Theoretic Background: Institutional theory and endogenous economic growth was used to support our models and posterior analysis.

Methodology: We used the Brazilian municipalities as our case study, taking the IBGE and STN databases for the period from 2002 to 2018. We examined the effects of municipal fiscal variables, such as expenses and revenues, and historical facts on the variation rates of municipal GDPs by using panel data models.

Findings: Results show that historical factors were statistically significant for municipal economic growth. Specifically, in the Brazilian case, municipalities close to the Sugar and Coffee Cycles regions and those that have been the farthest municipalities away from Portugal.

Originality: We couldn’t find similar studies with this approach to the best of our knowledge.

Theoretical and practical contributions: Findings obtained from this research are relevant for policymakers in general since they point to the role of historical factors in public economic policies.

 

Keywords:Fiscal policy, Economic growth, Historical factors.

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Author Biography

DR., Universidade de Brasília

Ivan R. Gartner is Full Professor at the School of Economics, Business and Accounting of the University of Brasilia-Brazil. He holds a Doctor degree in production engineering at the Federal University of Santa Catarina, Brazil, and ME degree in production engineering at the same University. He was visiting scholar at the University of Hagen, Germany, where he worked with Prof. William Roedder developing a study on optimization methods applied to risk management. Since 1991 he develops studies on corporate finance and quantitative methods applied to management and production engineering. In 2010 he joined the University of Brasilia, where he became full professor in 2012.

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Published

2023-04-21

How to Cite

Menke, W. B., & Gartner, I. (2023). Research Objectives: This research aimed to approach the management of municipal fiscal policies by investigating the causes of its economic growth and examining its fiscal and historical effects on the variation of GDP in municipalities. Theoretic Background: Institutional theory and endogenous economic growth was used to support our models and posterior analysis. Methodology: We used the Brazilian municipalities as our case study, taking the IBGE and STN databases for the period from 2002 to 2018. We examined the effects of municipal fiscal variables, such as expenses and revenues, and historical facts on the variation rates of municipal GDPs by using panel data models. Findings: Results show that historical factors were statistically significant for municipal economic growth. Specifically, in the Brazilian case, municipalities close to the Sugar and Coffee Cycles regions and those that have been the farthest municipalities away from Portugal. Originality: We couldn’t find similar studies with this approach to the best of our knowledge. Theoretical and practical contributions: Findings obtained from this research are relevant for policymakers in general since they point to the role of historical factors in public economic policies. Keywords: Fiscal policy, Economic growth, Historical factors. Administração Pública E Gestão Social, 15(3). https://doi.org/10.21118/apgs.v15i3.13809

Issue

Abril-junho 2023: 15(2)

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Articles

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