Abstract
This article tests the flows of rents during the Brazilian Imperial period. To achieve this goal, a Vector of Error Correction Model (VECM) was employed to test longrun and short-run relationships between government revenues and expenditures. The VECM was applied for the entire imperial period with data available (1836-1889) and for the period after the Law Alves Branco (1844-1889), which more than doubled tariffs on imports. A trivariate causality test fails to show a casual relationship among the variables in any direction, regardless of the period tested. When the augmented granger causality test is employed for the entire period, results show a unidirectional causality from government expenditures to revenues, a spend-to-tax model, and a bi-causality relationship for the 1844-1889 period.
Original language | English |
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Pages (from-to) | 255-263 |
Number of pages | 9 |
Journal | Historical Social Research |
Volume | 33 |
Issue number | 4 |
Publication status | Published - Jan 1 2008 |
Keywords
- Imperial Brazil
- Spend-and-tax
- VECM
ASJC Scopus subject areas
- History
- Sociology and Political Science
- Social Sciences(all)