Mudança institucional e inovação : uma aplicação a execução orçamentária e gestão fiscal

Abstract

The research will address the indicators of budget execution and fiscal management, as defined by the Fiscal Responsibility Law (2000), applied to the public finances of the state of Espírito Santo. The court will use the theoretical framework of the New Institutional Economics, mainly from the work of Douglas North. In this approach the historical evolution of institutions matter as well as the actions of organizations in order to reduce transaction costs and due to the existing uncertainty and bounded rationality. Thus, the rules of public finances expressed in the Fiscal Responsibility Law and the indicators of budget execution and fiscal management that composes are functional standards for collective action, institutions, aimed at reducing transaction costs in public spending. And the concept of institutional change in North innovation is one of the elements that identifies this change as part of the learning process of organizations. The goal is to identify the Fiscal Responsibility Law is a radical innovation in relation to the set rules of budget execution and fiscal management previously held on the Brazilian legislation on public finances. As well, the use of this theoretical framework to check if elements will exist in the public sector the possibility of continuing this innovation process incrementally, through the improvement of existing indicators in the Fiscal Responsibility Law. In this research the application of indicators present in this law takes compared to similar indicators in selected monographs that competed for the awards of the Secretariat of the Federal Budget. This comparison will be the measure of incremental innovation. Applied in order to compare these indicators will be made, where possible, in the period of fiscal adjustment implemented in the state of Espírito Santo between 2003 and 2012. If the indicators selected to produce information that will improve understanding of the performance of public finances in this period, compared to the existing indicators in the Fiscal Responsibility Law can be stated that there is the possibility of incremental innovation in the formulation and application of indicators and budget execution fiscal management in the state of Espírito Santo, ie they contribute to reduce transaction costs in the existing budget control and in fiscal management.