This paper examines whether fiscal illusion can help to explain the behavior of federal government expenditures in Brazil during period 1990-2011. The analyses is based on a median voter model that admits that the degree of tax visibility may affect the individual's perception of his tax burden...

This paper examines whether fiscal illusion can help to explain the behavior of federal government expenditures in Brazil during period 1990-2011. The analyses is based on a median voter model that admits that the degree of tax visibility may affect the individual’s perception of his tax...

Este trabalho mostra que nao so a tendencia de longo prazo (de 1970 ate 1993) dos investimentos publicos em infra-estrutura como proporcao do produto e declinante, mas tambem que esta queda vem se acelerando recentemente em todos os setores, acarretando impacto negativo sobre o produto e, se nao...