O impacto dos gastos para os ciclos políticos brasileiros de 2003 a 2018, na perspectiva do multiplicador keynesiano

Abstract

State intervention is an economic mechanism whose acceptance varies according to each country and the principles of its respective government. In addition, according to the literature, government spending has an important share in GDP (in Brazil and around the world), in a way to create auspicious prospects from the point of view of promoting development. The methodology used in this study is based on a literature review and collection and analysis of secondary data, around the functions that will compose the Keynesian multiplier of Spending, measured in the governments of Lula, Dilma and Temer. During the PT governments, the country presented economic growth anchored to the increase in the price of commodities, and the increase in the circular flow of income, as predicted by the Keynesian theory. However, the long term took its toll on the period of luxury sustained by government spending and cheap credit, generating inflation and proving that the Keynesian theory generated the largest economic recession in Brazilian history, starting in 2014. Thus, this work aims to carry out an analysis of the multiplier effect of John Maynard Keynes of each presidential term of the Brazilian government from 2003 to 2018. Keynes' economic principles will be explained up to the contextualization of what the multiplier is. The perspectives will also be analyzed as they were put into practice, analyzing the impact on the multiplier.