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A Note on the Effect of Decomposing Credit for Explaining Brazilian Cross-State GDP Growth

Revista Brasileira de Economia

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Title A Note on the Effect of Decomposing Credit for Explaining Brazilian Cross-State GDP Growth
 
Creator Matos, Paulo Rogério Faustino; CAEN/UFC
dos Santos, Davi Albuquerque Vieira
 
Subject Credit; Trade; Government Spending; Growth
 
Description 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.
 
Publisher EGV EPGE
 
Contributor CNPq
 
Date 2020-06-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articles
Artigos
 
Format application/pdf
 
Identifier http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/78246
 
Source Revista Brasileira de Economia; v. 74, n. 2 (2020): ABR-JUN; 155-166
Revista Brasileira de Economia; v. 74, n. 2 (2020): ABR-JUN; 155-166
1806-9134
0034-7140
 
Language eng
 
Relation http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/78246/77953
 
Rights Direitos autorais 2020 Revista Brasileira de Economia