Indicador de desenvolvimento institucional municipal: impactos sobre a economia dos municípios brasileiros ^♦

Abstract

In the face of regional socioeconomic disparities in Brazil and theories that defend the role of institutions in economic development, the present study contemplates two complementary aims. The first is to evaluate the institutional performance of municipalities through the elaboration of an indicator of institutional development; the second is to understand the impact of this indicator on the per capita municipal gross domestic product. To do so, a combination of multivariate techniques analysis and Two-Stage Least Squares (2SLS) to estimate the Spatial Durbin Model (SDM) is used. The results suggest that the indicator has a positive effect on the per capita GDP level of the Brazilian municipalities.

Keywords
Institutions; Growth; Municipalities.