Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state

Detalhes bibliográficos
Autor(a) principal: Oliveira, Guilherme Resende
Data de Publicação: 2017
Outros Autores: Menezes, Rafael Terra, Resende, Guilherme Mendes
Tipo de documento: Artigo
Idioma: por
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3397
Resumo: The study evaluates the Constitutional Financing Fund for the Center-West (FCO) in the state of Goiás between the years 2004 and 2011, using Rais microdata, and loans from the FCO “Empresarial” Program. The results show a positive and statistically significant impact of the FCO on employment and wage growth at the firm level. We use the Propensity Score Matching (PSM) and the Generalized Propensity Score (GPS) methods. The GPS treats the treatment variable as continuous, therefore, verifies the heterogeneous effects instead the average impact. Moreover, the dose response results indicate that the loans values affect wages and employment. The evidences presented suggest new heterogeneous patterns in the program effect and complement the results previously reported in the literature.
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spelling Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias stateEfeito dose resposta do fundo constitucional de financiamento do centro-oeste (FCO) no estado de Goiás The study evaluates the Constitutional Financing Fund for the Center-West (FCO) in the state of Goiás between the years 2004 and 2011, using Rais microdata, and loans from the FCO “Empresarial” Program. The results show a positive and statistically significant impact of the FCO on employment and wage growth at the firm level. We use the Propensity Score Matching (PSM) and the Generalized Propensity Score (GPS) methods. The GPS treats the treatment variable as continuous, therefore, verifies the heterogeneous effects instead the average impact. Moreover, the dose response results indicate that the loans values affect wages and employment. The evidences presented suggest new heterogeneous patterns in the program effect and complement the results previously reported in the literature. O estudo avalia o Fundo Constitucional de Financiamento do Centro-Oeste (FCO) no Estado de Goiás entre os anos de 2004 e 2011 por meio dos microdados da Relação Anual de Informações Sociais (Rais), e dos empréstimos do Programa Empresarial do FCO. Os impactos dos financiamentos no crescimento do emprego e salários das empresas instaladas no Estado foram estatisticamente significantes e positivos. Os métodos utilizados foram o propensity score matching (PSM) e o propensity score generalizado (PSG), que trata a variável tratamento como contínua, portanto, verifica os efeitos heterogêneos ao invés do impacto médio. Ademais, o efeito dose indica que o valor do empréstimo influencia na quantidade de empregos gerados, assim como na variação dos salários. As evidências apresentadas sugerem novos padrões de heterogeneidade no efeito do programa e complementam os resultados previamente encontrados na literatura. Departamento de Ciências Econômicas da UFMG2017-06-20info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3397Nova Economia; Vol. 28 No. 3 (2018)Nova Economia; v. 28 n. 3 (2018)1980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGporhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3397/2821Oliveira, Guilherme ResendeMenezes, Rafael TerraResende, Guilherme Mendesinfo:eu-repo/semantics/openAccess2020-10-04T22:24:23Zoai:ojs.pkp.sfu.ca:article/3397Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2020-10-04T22:24:23Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state
Efeito dose resposta do fundo constitucional de financiamento do centro-oeste (FCO) no estado de Goiás
title Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state
spellingShingle Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state
Oliveira, Guilherme Resende
title_short Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state
title_full Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state
title_fullStr Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state
title_full_unstemmed Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state
title_sort Dose response effect of the constitutional financing fund of middle west (FCO) in the Goias state
author Oliveira, Guilherme Resende
author_facet Oliveira, Guilherme Resende
Menezes, Rafael Terra
Resende, Guilherme Mendes
author_role author
author2 Menezes, Rafael Terra
Resende, Guilherme Mendes
author2_role author
author
dc.contributor.author.fl_str_mv Oliveira, Guilherme Resende
Menezes, Rafael Terra
Resende, Guilherme Mendes
description The study evaluates the Constitutional Financing Fund for the Center-West (FCO) in the state of Goiás between the years 2004 and 2011, using Rais microdata, and loans from the FCO “Empresarial” Program. The results show a positive and statistically significant impact of the FCO on employment and wage growth at the firm level. We use the Propensity Score Matching (PSM) and the Generalized Propensity Score (GPS) methods. The GPS treats the treatment variable as continuous, therefore, verifies the heterogeneous effects instead the average impact. Moreover, the dose response results indicate that the loans values affect wages and employment. The evidences presented suggest new heterogeneous patterns in the program effect and complement the results previously reported in the literature.
publishDate 2017
dc.date.none.fl_str_mv 2017-06-20
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3397
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3397
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3397/2821
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 28 No. 3 (2018)
Nova Economia; v. 28 n. 3 (2018)
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
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