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Fiscal Adjustment and Income Inequality : Sub-national Evidence from Brazil / João Pedro Azevedo, Antonio David, Fabiano Rodrigues Bastos, Emilio Pineda.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Azevedo, João Pedro.
- Series:
- IMF Working Papers; Working Paper ; No. 2014/085
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Economic development.
- International finance.
- Physical Description:
- 1 online resource (32 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2014.
- Language Note:
- English
- System Details:
- data file
- Summary:
- We combine state-level fiscal data with household survey data to assess the links between sub-national fiscal policy and income inequality in Brazil over the period 1995-2011. The results indicate that a tighter fiscal stance at the sub-national level is not associated with a deterioration in inequality measures. This finding contrasts with the conclusions of several papers in the burgeoning literature on the effects of fiscal consolidation on inequality using national data for OECD economies. In addition, we find that a tighter stance is typically positively associated with a measure of “shared prosperity”. Hence, our results caution against extrapolating policy implications of the literature focusing on advanced economies to other settings.
- Contents:
- Cover; Abstract; Contents; I. Introduction; II. Background on the Literature; III. Fiscal Institutions and Fiscal Structure at the State-level in Brazil; IV. Data Description: Inequality Dynamics and Fiscal Policy at the State Level in Brazil; V. Modeling Approach and Results; VI. Robustness Checks; VII. Conclusions; References; Annex A: Variables Definitions and Sources; Annex B: Descriptive Statistics for Selected Variables; Annex C: Panel Unit Root and Cross-sectional Dependence Tests for Selected Variables
- Notes:
- Description based upon print version of record.
- Includes bibliographical references.
- Description based on online resource; title from PDF title page (ebrary, viewed July 17, 2014).
- ISBN:
- 9781484385760
- 1484385764
- 9781484385531
- 1484385535
- 9781484386057
- 1484386051
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