Finan??as e crescimento: o caso dos munic??pios brasileiros

Detalhes bibliográficos
Autor(a) principal: Vicente, Tadeu Siqueira
Data de Publicação: 2017
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Biblioteca Digital de Teses e Dissertações da UCB
Texto Completo: https://bdtd.ucb.br:8443/jspui/handle/tede/2371
Resumo: The literature on the nexus between finance and economic growth brings several results that support a long-term positive relationship between financial development and increases in the output of the economy. In order to test this interaction, we estimated a panel with fixed effects considering the 5,565 Brazilian municipalities in the period from 2003 to 2014. We verified that the relation between the credit growth rates and the average GDP per capita of the cities is positive and that the financial development variables generally have a positive impact on the volatility of economic growth. In addition, we found that the relationship between human development index and interest rate swings negatively correlates the economic growth of cities, which leads us to believe that greater wealth, on average, is related to GDP growth. However, we find that this effect is not so pronounced in wealthier cities, but they are more sensitive to changes in monetary policy.
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spelling Tabak, Benjamin Mirandahttp://lattes.cnpq.br/7238063563586831http://lattes.cnpq.br/0272520702341836Vicente, Tadeu Siqueira2018-03-14T14:20:36Z2017-11-13VICENTE, Tadeu Siqueira. Finan??as e crescimento: o caso dos munic??pios brasileiros. 2017. 45 f. Disserta????o (Programa Stricto Sensu em Economia de Empresas) - Universidade Cat??lica de Bras??lia, Bras??lia, 2017.https://bdtd.ucb.br:8443/jspui/handle/tede/2371The literature on the nexus between finance and economic growth brings several results that support a long-term positive relationship between financial development and increases in the output of the economy. In order to test this interaction, we estimated a panel with fixed effects considering the 5,565 Brazilian municipalities in the period from 2003 to 2014. We verified that the relation between the credit growth rates and the average GDP per capita of the cities is positive and that the financial development variables generally have a positive impact on the volatility of economic growth. In addition, we found that the relationship between human development index and interest rate swings negatively correlates the economic growth of cities, which leads us to believe that greater wealth, on average, is related to GDP growth. However, we find that this effect is not so pronounced in wealthier cities, but they are more sensitive to changes in monetary policy.A literatura sobre o nexo entre finan??as e crescimento econ??mico traz diversos resultados que sustentam uma rela????o positiva de longo prazo entre o desenvolvimento financeiro e incrementos no produto da economia. Com o objetivo de testar essa intera????o estimamos um painel com efeitos fixos considerando os 5.565 munic??pios brasileiros no per??odo de 2003 at?? 2014. Verificamos que a rela????o entre as taxas de crescimento do cr??dito e do PIB per capita m??dio das cidades ?? positiva e que as vari??veis representativas do desenvolvimento financeiro, em geral, impactam positivamente a volatilidade do crescimento econ??mico. Al??m disso, constatamos que a rela????o entre ??ndice de desenvolvimento humano e oscila????es na taxa juros tem uma rela????o negativa com o crescimento econ??mico das cidades, o que nos leva a crer que maior riqueza, na m??dia, est?? relacionada com crescimento do PIB. No entanto, verificamos que tal efeito n??o ?? t??o pronunciado em cidades mais ricas, que, por??m, apresentam maior sensibilidade ??s varia????es da pol??tica monet??ria.Submitted by Sara Ribeiro (sara.ribeiro@ucb.br) on 2018-03-14T14:20:23Z No. of bitstreams: 1 TadeuSiqueiraVicenteDissertacao2017.pdf: 1145025 bytes, checksum: 37bf2e6cfa2795609fcb526b26b99893 (MD5)Approved for entry into archive by Sara Ribeiro (sara.ribeiro@ucb.br) on 2018-03-14T14:20:36Z (GMT) No. of bitstreams: 1 TadeuSiqueiraVicenteDissertacao2017.pdf: 1145025 bytes, checksum: 37bf2e6cfa2795609fcb526b26b99893 (MD5)Made available in DSpace on 2018-03-14T14:20:36Z (GMT). No. of bitstreams: 1 TadeuSiqueiraVicenteDissertacao2017.pdf: 1145025 bytes, checksum: 37bf2e6cfa2795609fcb526b26b99893 (MD5) Previous issue date: 2017-11-13application/pdfhttps://bdtd.ucb.br:8443/jspui/retrieve/5530/TadeuSiqueiraVicenteDissertacao2017.pdf.jpgporUniversidade Cat??lica de Bras??liaPrograma Strictu Sensu em Economia de EmpresasUCBBrasilEscola de Gest??o e Neg??ciosBancosTaxa de jurosCrescimento econ??micoDesenvolvimento financeiroCNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIAFinan??as e crescimento: o caso dos munic??pios brasileirosinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Biblioteca Digital de Teses e Dissertações da UCBinstname:Universidade Católica de Brasília (UCB)instacron:UCBLICENSElicense.txtlicense.txttext/plain; charset=utf-82048https://200.214.135.178:8443/jspui/bitstream/tede/2371/1/license.txt76cd1e6bdecb11e4b12c81d5fe0f87b3MD51ORIGINALTadeuSiqueiraVicenteDissertacao2017.pdfTadeuSiqueiraVicenteDissertacao2017.pdfapplication/pdf1145025https://200.214.135.178:8443/jspui/bitstream/tede/2371/2/TadeuSiqueiraVicenteDissertacao2017.pdf37bf2e6cfa2795609fcb526b26b99893MD52TEXTTadeuSiqueiraVicenteDissertacao2017.pdf.txtTadeuSiqueiraVicenteDissertacao2017.pdf.txttext/plain83925https://200.214.135.178:8443/jspui/bitstream/tede/2371/3/TadeuSiqueiraVicenteDissertacao2017.pdf.txt581bd50d7142501bac8a47b47cb07bc7MD53THUMBNAILTadeuSiqueiraVicenteDissertacao2017.pdf.jpgTadeuSiqueiraVicenteDissertacao2017.pdf.jpgimage/jpeg5307https://200.214.135.178:8443/jspui/bitstream/tede/2371/4/TadeuSiqueiraVicenteDissertacao2017.pdf.jpgabfe13e506c0d59867f4b4ad161b2834MD54tede/23712019-09-10 15:56:55.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Biblioteca Digital de Teses e Dissertaçõeshttps://bdtd.ucb.br:8443/jspui/
dc.title.por.fl_str_mv Finan??as e crescimento: o caso dos munic??pios brasileiros
title Finan??as e crescimento: o caso dos munic??pios brasileiros
spellingShingle Finan??as e crescimento: o caso dos munic??pios brasileiros
Vicente, Tadeu Siqueira
Bancos
Taxa de juros
Crescimento econ??mico
Desenvolvimento financeiro
CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA
title_short Finan??as e crescimento: o caso dos munic??pios brasileiros
title_full Finan??as e crescimento: o caso dos munic??pios brasileiros
title_fullStr Finan??as e crescimento: o caso dos munic??pios brasileiros
title_full_unstemmed Finan??as e crescimento: o caso dos munic??pios brasileiros
title_sort Finan??as e crescimento: o caso dos munic??pios brasileiros
author Vicente, Tadeu Siqueira
author_facet Vicente, Tadeu Siqueira
author_role author
dc.contributor.advisor1.fl_str_mv Tabak, Benjamin Miranda
dc.contributor.advisor1Lattes.fl_str_mv http://lattes.cnpq.br/7238063563586831
dc.contributor.authorLattes.fl_str_mv http://lattes.cnpq.br/0272520702341836
dc.contributor.author.fl_str_mv Vicente, Tadeu Siqueira
contributor_str_mv Tabak, Benjamin Miranda
dc.subject.por.fl_str_mv Bancos
Taxa de juros
Crescimento econ??mico
Desenvolvimento financeiro
topic Bancos
Taxa de juros
Crescimento econ??mico
Desenvolvimento financeiro
CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA
dc.subject.cnpq.fl_str_mv CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA
dc.description.abstract.eng.fl_txt_mv The literature on the nexus between finance and economic growth brings several results that support a long-term positive relationship between financial development and increases in the output of the economy. In order to test this interaction, we estimated a panel with fixed effects considering the 5,565 Brazilian municipalities in the period from 2003 to 2014. We verified that the relation between the credit growth rates and the average GDP per capita of the cities is positive and that the financial development variables generally have a positive impact on the volatility of economic growth. In addition, we found that the relationship between human development index and interest rate swings negatively correlates the economic growth of cities, which leads us to believe that greater wealth, on average, is related to GDP growth. However, we find that this effect is not so pronounced in wealthier cities, but they are more sensitive to changes in monetary policy.
dc.description.abstract.por.fl_txt_mv A literatura sobre o nexo entre finan??as e crescimento econ??mico traz diversos resultados que sustentam uma rela????o positiva de longo prazo entre o desenvolvimento financeiro e incrementos no produto da economia. Com o objetivo de testar essa intera????o estimamos um painel com efeitos fixos considerando os 5.565 munic??pios brasileiros no per??odo de 2003 at?? 2014. Verificamos que a rela????o entre as taxas de crescimento do cr??dito e do PIB per capita m??dio das cidades ?? positiva e que as vari??veis representativas do desenvolvimento financeiro, em geral, impactam positivamente a volatilidade do crescimento econ??mico. Al??m disso, constatamos que a rela????o entre ??ndice de desenvolvimento humano e oscila????es na taxa juros tem uma rela????o negativa com o crescimento econ??mico das cidades, o que nos leva a crer que maior riqueza, na m??dia, est?? relacionada com crescimento do PIB. No entanto, verificamos que tal efeito n??o ?? t??o pronunciado em cidades mais ricas, que, por??m, apresentam maior sensibilidade ??s varia????es da pol??tica monet??ria.
description The literature on the nexus between finance and economic growth brings several results that support a long-term positive relationship between financial development and increases in the output of the economy. In order to test this interaction, we estimated a panel with fixed effects considering the 5,565 Brazilian municipalities in the period from 2003 to 2014. We verified that the relation between the credit growth rates and the average GDP per capita of the cities is positive and that the financial development variables generally have a positive impact on the volatility of economic growth. In addition, we found that the relationship between human development index and interest rate swings negatively correlates the economic growth of cities, which leads us to believe that greater wealth, on average, is related to GDP growth. However, we find that this effect is not so pronounced in wealthier cities, but they are more sensitive to changes in monetary policy.
publishDate 2017
dc.date.issued.fl_str_mv 2017-11-13
dc.date.accessioned.fl_str_mv 2018-03-14T14:20:36Z
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dc.identifier.citation.fl_str_mv VICENTE, Tadeu Siqueira. Finan??as e crescimento: o caso dos munic??pios brasileiros. 2017. 45 f. Disserta????o (Programa Stricto Sensu em Economia de Empresas) - Universidade Cat??lica de Bras??lia, Bras??lia, 2017.
dc.identifier.uri.fl_str_mv https://bdtd.ucb.br:8443/jspui/handle/tede/2371
identifier_str_mv VICENTE, Tadeu Siqueira. Finan??as e crescimento: o caso dos munic??pios brasileiros. 2017. 45 f. Disserta????o (Programa Stricto Sensu em Economia de Empresas) - Universidade Cat??lica de Bras??lia, Bras??lia, 2017.
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dc.publisher.program.fl_str_mv Programa Strictu Sensu em Economia de Empresas
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dc.publisher.country.fl_str_mv Brasil
dc.publisher.department.fl_str_mv Escola de Gest??o e Neg??cios
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