Uncertainty and public expenditure: An analysis from a model of interactive variables
In accordance with the post-Keynesian theory, the purpose of this study was to determine how public spending influences the impact of banking uncertainty assessed by banks' liquidity preference – on the economic performance of Brazilian microregions. For this purpose, a data panel model with in...
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oai:oai.revistas.uns.edu.ar:article-27312023-03-09T22:07:27Z Uncertainty and public expenditure: An analysis from a model of interactive variables Incerteza e gastos públicos: uma análise a partir de um modelo variáveis interativas Gama, Fabio Bastos, Suzana Teoria pós-keynesiana Incerteza bancária Gastos públicos Dados em painel Pós-Keynesianismo Post-Keynesian theory Bank uncertainty Public expenditure Panel data Postkeynesianism In accordance with the post-Keynesian theory, the purpose of this study was to determine how public spending influences the impact of banking uncertainty assessed by banks' liquidity preference – on the economic performance of Brazilian microregions. For this purpose, a data panel model with interactive variables was used for the period from 2003 to 2014. As expenditure variables, municipal aggregate expenditure on education and transportation was used. The results indicate that public expenditures are relevant to determine the level of economic activity in a direct way, and indirectly by reducing the adverse impact of bank uncertainty on the economic performance of microregions. In addition, spending on education proved to be more effective in determining output than transport spending. À luz da teoria pós-keynesiana, o propósito deste estudo foi determinar como os gastos públicos influenciam no impacto da incerteza bancária –avaliada pela preferência pela liquidez dos bancos–sobre o desempenho econômico das microrregiões brasileiras. Para tanto, empregou-se um modelo de painel de dados com variáveis interativas para o período de 2003 a 2014. Como variáveis de gastos, utilizaram-se despesas agregadas municipais em educação e transporte. Os resultados indicam que os gastos públicos são relevantes para determinar o nível de atividade econômica de forma direta e indireta, ao reduzir o impacto adverso da incerteza bancária sobre o desempenho econômico das microrregiões. Ademais, para determinar o produto, os gastos com educação se mostraram mais eficazes do que os gastos com transporte. EdiUNS 2022-12-28 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Artículo evaluado por pares application/pdf https://revistas.uns.edu.ar/ee/article/view/2731 10.52292/j.estudecon.2023.2731 Estudios económicos; Vol. 40 No. 80 (2023); 223-249 Estudios económicos; Vol. 40 Núm. 80 (2023); 223-249 Estudios económicos; v. 40 n. 80 (2023); 223-249 2525-1295 0425-368X por https://revistas.uns.edu.ar/ee/article/view/2731/2120 Derechos de autor 2022 Atribución-No Comercial 4.0 Unported (CC BY-NC 4.0) de Creative Commons. http://creativecommons.org/licenses/by-nc/4.0 |
| institution |
UNS |
| collection |
Biblioteca Digital Académica |
| building |
Biblioteca Central Biblioteca de Economía |
| bda_str |
Estudios Económicos |
| hierarchy_parent_id |
bda_ee |
| hierarchy_parent_title |
Estudios Económicos |
| hierarchy_top_id |
bda_str |
| hierarchy_top_title |
Biblioteca Digital Académica |
| first_indexed |
2018-08-22T17:39:27Z |
| last_indexed |
2018-08-22T17:39:27Z |
| language |
por |
| format |
Online |
| author |
Gama, Fabio Bastos, Suzana |
| spellingShingle |
Gama, Fabio Bastos, Suzana Uncertainty and public expenditure: An analysis from a model of interactive variables |
| author_facet |
Gama, Fabio Bastos, Suzana |
| author_sort |
Gama, Fabio |
| title |
Uncertainty and public expenditure: An analysis from a model of interactive variables |
| title_short |
Uncertainty and public expenditure: An analysis from a model of interactive variables |
| title_full |
Uncertainty and public expenditure: An analysis from a model of interactive variables |
| title_fullStr |
Uncertainty and public expenditure: An analysis from a model of interactive variables |
| title_full_unstemmed |
Uncertainty and public expenditure: An analysis from a model of interactive variables |
| title_sort |
uncertainty and public expenditure: an analysis from a model of interactive variables |
| topic_facet |
Teoria pós-keynesiana Incerteza bancária Gastos públicos Dados em painel Pós-Keynesianismo Post-Keynesian theory Bank uncertainty Public expenditure Panel data Postkeynesianism |
| description |
In accordance with the post-Keynesian theory, the purpose of this study was to determine how public spending influences the impact of banking uncertainty assessed by banks' liquidity preference – on the economic performance of Brazilian microregions. For this purpose, a data panel model with interactive variables was used for the period from 2003 to 2014. As expenditure variables, municipal aggregate expenditure on education and transportation was used. The results indicate that public expenditures are relevant to determine the level of economic activity in a direct way, and indirectly by reducing the adverse impact of bank uncertainty on the economic performance of microregions. In addition, spending on education proved to be more effective in determining output than transport spending. |
| publisher |
EdiUNS |
| publishDate |
2022 |
| url |
https://revistas.uns.edu.ar/ee/article/view/2731 |
| _version_ |
1760274141286498304 |
| score |
12,614403 |