HIGHLIGHTS
SUMMARY
In the 1990s, Brazil had governments in power that decided to adopt the New Public Management (NPM) guidelines: fiscal adjustments and administrative reforms. e country had experimented contractionary policies that resulted in spending cuts to contain debt accumulation. e Brazilian State could no longer rely on post-war Keynesian policies. erefore, it replaced them with restrictive spending policies. Regarding the brief information about fiscal and historical events cited before, the authors decided that Brazilian municipalities fitted the research purposes. us, this study aimed to verify how fiscal and historical factors impacted the economic growth . . .
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