The relation between infrastructure and economic growth has been largely investigated in the literature, but the empirical evidence found has proven to be controversial. This paper aims to empirically analyze the impact of infrastructure stocks on economic growth. In spite of there being...

In 1988, the 'new' Brazilian Federal Constitution increased municipalities' responsibilities. One of those responsibilities is to conduct spending which the main goal is population welfare. Considering the possibility of specific local welfare expenditures, individuals tend to migrate to cities...