Compensações financeiras e royalties hidrelétricos na determinação do investimento público e das despesas sociais

Mirelle C. de Abreu Quintela and Fatima Marilia Andrade de Carvalho

Revista de Economia e Agronegócio / Brazilian Review of Economics and Agribusiness, 2010, vol. 08, issue 01, 23

Abstract: Based on the regulation about the compensatory payment for using the water resources and land flooding for the generation of electric power, this study was carried out to evaluate the effect of the "extra" financial resource – financial compensations and hydroelectric royalties – in budget revenue formation and in the public expenses determination of the receiving municipalities in Minas Gerais. From the discussions about the determinants of the government expenses the public county accounts were estimated regressions with data panel for each of the municipal expenses under consideration (investment, housing and urbanization, health and sanitation, education and culture), and proportion indexes and growth rates of expenses and incomes were calculated. The main sources of municipal income (compensatory resources, Municipal Participation Fund – FPM, Taxes on Circulation of Goods and Services – ICMS, Urban Territorial Property Tax – IPTU, Any nature Service Tax – ISS, and county taxes) served as explanatory variables. The results showed the budget revenue availability is significant to determining the county public expenses, and confirmed the power of the financial payoffs and hydroelectric royalties on expansion of the county expense in local infrastructure. This was apprehended mainly by the elasticities of the functions estimated for the investment, housing, urbanization, health and sanitation expenses.

Keywords: Public; Economics (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/94797/files/Artigo%203.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:rdeeag:94797

DOI: 10.22004/ag.econ.94797

Access Statistics for this article

More articles in Revista de Economia e Agronegócio / Brazilian Review of Economics and Agribusiness from Federal University of Vicosa, Department of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().