Determinantes do crescimento econômico nos estados brasileiros

Abstract

This work sought to analyze some of the factors pointed out in the economic literature as important determinants for the growth of GDP per capita, analyzing for this purpose, data from the 27 federative units of Brazil, covering the periods from 2000 to 2020. To achieve this objective, the endogenous growth model of Barro (1990) was the theoretical basis for the construction of the analysis. As an econometric tool, a panel of fixed effects data was estimated. According to the tests performed on the results, it can be concluded that the model has, in general, a good explanatory power and follows the direction indicated in the literature, but presents limitations due to necessary conditions not met, such as the presence of heteroscedasticity in the residuals, serial correlation, cross-sectional dependence and absence of normality in the residuals, limitations that can distort the efficiency of the estimators. As a caveat, the tax burden variable was the only one used from which no inference can be made, given that its estimator was not significant.