Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/261040 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Texto para Discussão No. 2725
Verlag: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Zusammenfassung (übersetzt): 
This Discussion Paper deals with the institutional and economic aspects of the Brazilian federative state according to the 1988 Constitution. The context of vertical coordination of urban infrastructure investments is then examined. Previous studies have shown that the benefits of economic efficiency in this type of investment between 2013 and 2015 - made possible by the Caixa Econômica Federal (CEF) intermediation and administration of federal resources - depended much on local institutional aspects of the federative coordination. Based on new evidence, the text examines the state of local execution of federal investment projects in the period 2015-2019. For this analysis, data gathered by the Tribunal de Contas da União (TCU) were used. The most recent performance of these projects is then evaluated vis-à-vis the performance of federal investments as a whole - and, particularly, vis-à-vis the performance of those projects listed in the (by now terminated) Programa de Aceleração Econômica (PAC). Thus, the consequences of an altered state of federative coordination on the economic efficiency of local investments are inferred. It is concluded that technical difficulties and budget restrictions due to an altered state of federative coordination strongly impacted (in a comprehensive and differentiated way) the performance of investments carried out with federal resources. Finally, it is recommended to regularize the financing of recoverable projects and to seek improvements in vertical coordination for the successful local execution of investments financed with federal resources.
Schlagwörter: 
federalism
federative coordination
public investment
local governments
JEL: 
E61
E65
H11
H54
H60
H70
H73
H77
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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