Os efeitos da poupanÃ§a pÃºblica sobre o crescimento econÃ´mico:
Bresser-Pereira, Luiz Carlos
This article analyzed the relations between public savings and economicgrowth. Initially, theoretician-descriptive analysis of these relations showed that thepublic savings is a more complete pointer of fiscal sustainability than the primary surplusand tends to present more positive effect on the product than the operational surplus. Theestimated equations and the tests of robustness of the results of the posterioreconometrical analysis, that used models of multiple regression for a panel of 38 nations,had proven, at high confidence levels, the hypothesis of positive relation between publicsavings and and per capita economic growth taxes â€“ indicating the direction ofcausalidade between them â€“, besides supplying consistent and interesting results about the form of association between development and other variables. The central conclusionwas that an increase of a unit in the public savings tax must lead, in average, to a rise of0,17 units in the per capita economic growth tax
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