A Note on the Effect of Decomposing Credit for Explaining Brazilian Cross-State GDP Growth
Matos, Paulo Rogério Faustino; dos Santos, Davi Albuquerque Vieira
O documento é disponibilizado pela fonte de origem, que mantém a versão integral e as condições de uso.
Resumo
We add to the literature on financial system and development by proposing an empirical exercise to better understand the channels through which credit drivers are able or not to promote economic growth. Methodologically, we estimate an extend version in difference of Barro-style growth panel regression. We measure the individual impact on the Brazilian cross-state GDP growth from 2003 to 2017 of household credit, enterprise credit and government credit, controlling for exports, imports, years of schooling, current and capital government expenditures. We find that Brazilian cross-state growth depends more on the evolution of household credit than on credit to firms. We claim that regardless of the benefits due to household credit, we need to better understand the behavior of this insolvent economic growth driver, given its prominent role in the credit market. We also highlight the negative role played by government credit to GDP given by the significant elasticity of -0.87.
Ficha do documento
- Tipo
- Artigo científico
- Ano
- 2020
- Instituição
- EGV EPGE
- Idioma
- Inglês
- Acesso
- Não informado
- Identificador
- oai:ojs.periodicos.fgv.br:article/78246
- Palavras-chave
- CreditTradeGovernment SpendingGrowth
Conteúdos relacionados
- DissertaçãoUma análise sobre os financiamentos do BNDES e do setor privado no Brasil e a relação com o PIBFundação Getulio Vargas · 2022
- Artigo científicoThe contribution of publicly provided health to growth and productivityUniversidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária · 2000
- TeseEssays on trade and developmentFundação Getulio Vargas · 2026
- Artigo científicoIndependência, guerras e moedaUniversidade Estadual de Campinas · 2026
