BUDGET REALISM AND ELEMENTS FOR THE MAINTENANCE OF PUBLIC INVESTMENTS IN BRAZILIAN STATES
Keywords:
Investimento público, CAPAG, Despesas com pessoal, Estados brasileirosAbstract
The article examines the relationship between investment expenditures and CAPAG indicators in Brazilian states during the period from 2001 to 2018. The empirical evidence is based on a panel threshold regression approach, which reveals the existence of a threshold effect for parameters associated with personnel expenditures in the relationship between public investment and CAPAG indicators. The main findings of the research suggest that improvements in CAPAG indicators do not necessarily translate into an expansion of public investments.
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