“The unexplained part of public debt” de Camila Campos, Dany Jaimovich e Ugo Panizza
In Campos et al (2006), we (…) use data for 117 countries over a period of 30 years (1972–2003) to show that in the average country-year, debt grows 3 percentage points of GDP faster than what is implied by the budget deficit (…). The highest values are in sub-Saharan Africa, Latin America and the Caribbean, and the Middle East.(…) This is consistent with the findings of Aizenman and Powell (1998), who suggest that governments have incentives to misreport public expenditure and that this comes back to haunt them as debt is re-assessed in the future.
Ainda recentemente,nós por cá também tivemos dessas contas que não batiam certo.