Crescimento endógeno, distribuição de renda e política fiscal: uma análise cross-section para os estados brasileiros

Abstract

The purpose of this article is to study the existence of long-run relationships among economic growth, income distribution and fiscal policy, obtained from endogenous growth models, and to test them by means of a cross-section analysis for the Brazilian states between 1970 and 1990. A non-finer (bell-shaped) long run relationship was obtained between the total tax burden in each state and the growth rate of per capita income, what corroborates the model proposed by Barro (1990). The tax burden able to maximize growth was found to be stable around 15.5%. Within-state income concentration did not prove to have a significant tong run effect on growth, but revealed itself one of the determinantes of the fiscal effort undertaken by each government. States with more concentrated income distribution displayed heavier tax burdens.