%0 Journal Article
%T Pol¨ªtica fiscal antic¨ªclica, crise financeira internacional e crescimento econ£¿mico no Brasil
%A Gadelha
%A S¨¦rgio Ricardo de Brito
%J Revista de Economia Pol¨ªtica
%D 2011
%I Editora 34
%R 10.1590/S0101-31572011000500006
%X this study analyzes the long run equilibrium relationship and causality between economic growth and public expenditure in brazil covering the period 1980-2008. the empirical results of the granger causality test in a multivariate framework have shown up the importance of public investments not only to face the adverse effects of the international financial crisis, but also in stimulating the economic growth. also, the results indicate the need of controlling the growing path of other current expenditure, social security and public debt.
%K countercyclical fiscal policy
%K government expenditures
%K economic growth
%K granger causality.
%U http://www.scielo.br/scielo.php?script=sci_abstract&pid=S0101-31572011000500006&lng=en&nrm=iso&tlng=en