RELATION OF PERSONNEL EXPENDITURE INDEX AND THE FISCAL CRISIS OF THE STATE OF RIO DE JANEIRO: an interstate comparative study

Abstract

The objective of this study is to evaluate the personnel expenditure of the states and the Federal District between 2000 to 2015 from the State of Rio de Janeiro after the start of the subprime crisis in 2008. The methodology used was the econometric model of Difference in Difference with Polygonal Adjustment. The results showed that all states increased their personnel expenses after 2008. However, the Rio de Janeiro state index surpassed compared to the other states of the Confederation e o Federal District, after the start of the subprime crisis in 2008.

Keywords

• subprime crisis
• state finances
• index of personnel expenses
• rio de janeiro