Expansão do crédito para empresas e desenvolvimento econômico

Detalhes bibliográficos
Autor(a) principal: Soares, Bruno Learth
Data de Publicação: 2019
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/31497
Resumo: We use a version of the neoclassical growth model with heterogeneous agents and financial frictions to evaluate the macroeconomic impacts of credit to firms in Brazil. The model is calibrated to match facts about Brazilian economy between 2007 and 2015, in order to conduct counterfactual exercises by changing parameters of the credit policy. The analysis suggests that the reduction of subsidies, or the end of earmarked credit programs, would decrease GDP because of the reduction in aggregate capital, but would increase productivity and wages.
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spelling Soares, Bruno LearthEscolas::EPGESantos, Cézar Augusto RamosPereira, Luciene Torres de MelloFerreira, Pedro Cavalcanti Gomes2022-01-05T18:36:56Z2022-01-05T18:36:56Z2019-08-29https://hdl.handle.net/10438/31497We use a version of the neoclassical growth model with heterogeneous agents and financial frictions to evaluate the macroeconomic impacts of credit to firms in Brazil. The model is calibrated to match facts about Brazilian economy between 2007 and 2015, in order to conduct counterfactual exercises by changing parameters of the credit policy. The analysis suggests that the reduction of subsidies, or the end of earmarked credit programs, would decrease GDP because of the reduction in aggregate capital, but would increase productivity and wages.Neste trabalho, utilizamos uma versão do modelo de crescimento neoclássico com agentes heterogêneos e fricções financeiras para avaliar impactos macroeconômicos do crédito para empresas no Brasil. Nossa principal contribuição é analisar separadamente os efeitos macroeconômicos do crédito livre e direcionado.porFricções financeirasMisallocationCrédito subsidiadoFinançasEmpresas - FinanciamentoEmpresas - CrescimentoCréditos - BrasilProjetos de desenvolvimento econômicoExpansão do crédito para empresas e desenvolvimento econômicoinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis2019-08-29info:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALPDFPDFapplication/pdf531808https://repositorio.fgv.br/bitstreams/c44c2dc6-fdf7-4a77-92d8-2a364bb934f8/downloadf76d0fa9e3da15786a0ed575db90c3c2MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/562ff7cc-1960-4c81-9a32-7f565d27fae7/downloaddfb340242cced38a6cca06c627998fa1MD52TEXTDissertação Bruno Soares-vf.pdf.txtDissertação Bruno Soares-vf.pdf.txtExtracted 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dc.title.por.fl_str_mv Expansão do crédito para empresas e desenvolvimento econômico
title Expansão do crédito para empresas e desenvolvimento econômico
spellingShingle Expansão do crédito para empresas e desenvolvimento econômico
Soares, Bruno Learth
Fricções financeiras
Misallocation
Crédito subsidiado
Finanças
Empresas - Financiamento
Empresas - Crescimento
Créditos - Brasil
Projetos de desenvolvimento econômico
title_short Expansão do crédito para empresas e desenvolvimento econômico
title_full Expansão do crédito para empresas e desenvolvimento econômico
title_fullStr Expansão do crédito para empresas e desenvolvimento econômico
title_full_unstemmed Expansão do crédito para empresas e desenvolvimento econômico
title_sort Expansão do crédito para empresas e desenvolvimento econômico
author Soares, Bruno Learth
author_facet Soares, Bruno Learth
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.member.none.fl_str_mv Santos, Cézar Augusto Ramos
Pereira, Luciene Torres de Mello
dc.contributor.author.fl_str_mv Soares, Bruno Learth
dc.contributor.advisor1.fl_str_mv Ferreira, Pedro Cavalcanti Gomes
contributor_str_mv Ferreira, Pedro Cavalcanti Gomes
dc.subject.por.fl_str_mv Fricções financeiras
Misallocation
Crédito subsidiado
topic Fricções financeiras
Misallocation
Crédito subsidiado
Finanças
Empresas - Financiamento
Empresas - Crescimento
Créditos - Brasil
Projetos de desenvolvimento econômico
dc.subject.area.por.fl_str_mv Finanças
dc.subject.bibliodata.por.fl_str_mv Empresas - Financiamento
Empresas - Crescimento
Créditos - Brasil
Projetos de desenvolvimento econômico
description We use a version of the neoclassical growth model with heterogeneous agents and financial frictions to evaluate the macroeconomic impacts of credit to firms in Brazil. The model is calibrated to match facts about Brazilian economy between 2007 and 2015, in order to conduct counterfactual exercises by changing parameters of the credit policy. The analysis suggests that the reduction of subsidies, or the end of earmarked credit programs, would decrease GDP because of the reduction in aggregate capital, but would increase productivity and wages.
publishDate 2019
dc.date.issued.fl_str_mv 2019-08-29
dc.date.accessioned.fl_str_mv 2022-01-05T18:36:56Z
dc.date.available.fl_str_mv 2022-01-05T18:36:56Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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