Spillover effects from inter-governmental transfers between local jurisdictions in Brazil
This paper estimates fiscal spillover effects between local jurisdiction in Brazil. The central government transfers revenues to local jurisdictions. By using an Event Study design, it shows evidences that arguable exogenous changes in revenues of a local jurisdiction has null causal spillover effec...
| Main Author: | |
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| Format: | Thesis (University of Nottingham only) |
| Language: | English |
| Published: |
2023
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| Online Access: | https://eprints.nottingham.ac.uk/72303/ |
| _version_ | 1848800731809710080 |
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| author | MELO, LB |
| author_facet | MELO, LB |
| author_sort | MELO, LB |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper estimates fiscal spillover effects between local jurisdiction in Brazil. The central government transfers revenues to local jurisdictions. By using an Event Study design, it shows evidences that arguable exogenous changes in revenues of a local jurisdiction has null causal spillover effects on public expenditures and number of firms of a nearby jurisdiction. When restricting the sample for jurisdictions that receive the revenue shock that are larger than their nearby jurisdictions, the result of null fiscal spillover still holds. This novel results cast doubts on a rich theoretical literature that predicts fiscal spillover's existence and also on the current empirical literature that estimates positive fiscal spillovers. JEL: H27,H30,H50,H61 |
| first_indexed | 2025-11-14T20:56:14Z |
| format | Thesis (University of Nottingham only) |
| id | nottingham-72303 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T20:56:14Z |
| publishDate | 2023 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-723032024-02-29T13:54:44Z https://eprints.nottingham.ac.uk/72303/ Spillover effects from inter-governmental transfers between local jurisdictions in Brazil MELO, LB This paper estimates fiscal spillover effects between local jurisdiction in Brazil. The central government transfers revenues to local jurisdictions. By using an Event Study design, it shows evidences that arguable exogenous changes in revenues of a local jurisdiction has null causal spillover effects on public expenditures and number of firms of a nearby jurisdiction. When restricting the sample for jurisdictions that receive the revenue shock that are larger than their nearby jurisdictions, the result of null fiscal spillover still holds. This novel results cast doubts on a rich theoretical literature that predicts fiscal spillover's existence and also on the current empirical literature that estimates positive fiscal spillovers. JEL: H27,H30,H50,H61 2023-07-25 Thesis (University of Nottingham only) NonPeerReviewed application/pdf en cc_by https://eprints.nottingham.ac.uk/72303/1/Spillover_effects_from_inter_governmental_transfers_between_local_jurisdictions_in_Brazil%20%281%29.pdf MELO, LB (2023) Spillover effects from inter-governmental transfers between local jurisdictions in Brazil. MRes thesis, University of Nottingham. Fiscal spillovers fiscal transfers public FPM Brazil decentralization |
| spellingShingle | Fiscal spillovers fiscal transfers public FPM Brazil decentralization MELO, LB Spillover effects from inter-governmental transfers between local jurisdictions in Brazil |
| title | Spillover effects from inter-governmental transfers between local jurisdictions in Brazil |
| title_full | Spillover effects from inter-governmental transfers between local jurisdictions in Brazil |
| title_fullStr | Spillover effects from inter-governmental transfers between local jurisdictions in Brazil |
| title_full_unstemmed | Spillover effects from inter-governmental transfers between local jurisdictions in Brazil |
| title_short | Spillover effects from inter-governmental transfers between local jurisdictions in Brazil |
| title_sort | spillover effects from inter-governmental transfers between local jurisdictions in brazil |
| topic | Fiscal spillovers fiscal transfers public FPM Brazil decentralization |
| url | https://eprints.nottingham.ac.uk/72303/ |