The failure of pat solutions, based on a highly centralized decision making process of channeling budgetary resources and forced savings to state and local governments, led to a situation in which financial difficulties became one of the main reasons of the deteriorating urban infrastructure and...

This paper attempts to discuss quality and some improvements in high frequency time series data of the nominal gross investment expenses for Brazilian municipalities which are state capitals. We first utilized data for the 2001-2008 period available in Relatórios Resumidos de Execução...