Regional Transfer Multipliers

• 成果类型: Article
• 署名作者: Corbi, Raphael; Papaioannou, Elias; Surico, Paolo
• 署名单位: Universidade de Sao Paulo; University of London; London Business School; Center for Economic & Policy Research (CEPR)
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdy069
• 发表日期: 2019
• 页码: 1901-1934
• 关键词: regression discontinuity designs; fiscal-policy; TRADE; informality; monetary; audits; size

摘要

A series of discontinuities in the allocation mechanism of federal transfers to municipal governments in Brazil allow us to identify the causal effect of public spending on local labour markets, using a fuzzy Regression Discontinuity Design (RDD). Our estimates imply a cost per job of about 8,000 US dollars per year and a local income multiplier around two. The effect comes mostly from employment in services and is more pronounced among less financially developed municipalities.