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- Title
PUBLIC SPENDING DETERMINANTS ON ENVIRONMENTAL MANAGEMENT IN BRAZIL.
- Authors
Costa Holanda, Thiago; Moura Oliveira, Felipe; Máximo Batista, Caren Stela; Barboza Guimarães, Daniel
- Abstract
Objective: The objective of this article was to analyze the determinants of public spending on environmental management in the states of Brazil from 2011 to 2020. Theoretical Framework: Spending on the environment becomes a parameter to measure the commitment of governments to environmental sustainability. The green budget has the potential to finance the transition to a greener economy and to support the implementation of public policies that aim to mitigate and adapt to climate change. Method: We used the panel data methodology with three different types of regression, namely pooled, fixedeffects, and random-effects models. The study population consists of the capitals of Brazil from 2011 to 2020, resulting in a total of 270 observations. Results and Discussion: The results obtained revealed that GDP per capita and the proportion of expenditures in relation to GDP emerge as significant and relevant variables. In addition, the HDI also showed positive significance, suggesting that an increase in the capital's HDI is associated, according to the model, with an increase in environmental spending. Research Implications: Analyzing the determinants of public spending on the environment can contribute to decision-making and the development of better public policies. Originality/Value: This study contributes to the literature by analyzing the determinants of public spending on environmental management in the states of Brazil from 2011 to 2020.
- Subjects
PUBLIC spending; ENVIRONMENTAL management; HUMAN Development Index; GOVERNMENT policy; GROSS domestic product
- Publication
Environmental & Social Management Journal / Revista de Gestão Social e Ambiental, 2024, Vol 18, Issue 4, p1
- ISSN
1981-982X
- Publication type
Article
- DOI
10.24857/rgsa.v18n4-082