FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)

Detalhes bibliográficos
Autor(a) principal: Missio, Fabricio Jose
Data de Publicação: 2015
Outros Autores: Jayme Jr., Frederico Gonzaga, Oliveira, Ana Maria Hermeto Camilo de
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/39374
Resumo: This paper aims at analyzing the relationship between economic growth and financial development across Brazilian States. For both, an empirical exercise was undertaken using data for the Brazilian states. We estimate quantile regression in order to show the impact of financial development on the dependent variable (the Gross State Product, GSP) for the period 1995 to 2004. To measure the development of the financial system followed two strategies, based on the development of indicators that capture three dimensions of the financial system: the size of the sector, the level of activity and efficiency. Furthermore, the analysis employs an indicator of liquidity preference of banks and the public to analyze the post keynesian argument. Empirical results suggest a positive relationship between development of the financial development and economic growth and the possibility of distinct regional effects.
id UFRGS-24_5a0fe892766cc6784b19804a1de84df8
oai_identifier_str oai:seer.ufrgs.br:article/39374
network_acronym_str UFRGS-24
network_name_str Análise Econômica (Online)
repository_id_str
spelling FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)DESENVOLVIMENTO FINANCEIRO E CRESCIMENTO ECONÔMICO: TEORIA E EVIDÊNCIA EMPÍRICA PARA AS UNIDADES FEDERATIVAS DO BRASIL (1995-2004)Desenvolvimento financeiroCrescimento econômicoRegressão quantílica.O10G20O42C31.Financial developmentEconomic growthQuantile regression.O10G20O42C31This paper aims at analyzing the relationship between economic growth and financial development across Brazilian States. For both, an empirical exercise was undertaken using data for the Brazilian states. We estimate quantile regression in order to show the impact of financial development on the dependent variable (the Gross State Product, GSP) for the period 1995 to 2004. To measure the development of the financial system followed two strategies, based on the development of indicators that capture three dimensions of the financial system: the size of the sector, the level of activity and efficiency. Furthermore, the analysis employs an indicator of liquidity preference of banks and the public to analyze the post keynesian argument. Empirical results suggest a positive relationship between development of the financial development and economic growth and the possibility of distinct regional effects.O objetivo deste trabalho é analisar teórica e empiricamente a relação entre desenvolvimento financeiro e crescimento econômico para as unidades federativas do Brasil. Para tanto, realiza-se um exercício econométrico com o auxílio da técnica de regressão quantílica para o período de 1995 a 2004, o que permite um mapeamento mais completo do impacto gerado pelas medidas de desenvolvimento financeiro utilizadas sobre a variável resposta. Para mensurar o desenvolvimento do sistema financeiro foram seguidas duas estratégias, baseadas na construção de indicadores que captam dimensões como o tamanho do setor, o nível de atividade, o desenvolvimento e a eficiência do sistema financeiro. Além disso, a análise emprega um indicador da preferência pela liquidez do público e dos bancos para captar o argumento pós-keynesiano. As evidências encontradas sugerem, em geral, uma relação positiva entre desenvolvimento do sistema financeiro e crescimento econômico e a possibilidade de efeitos regionais distintos.UFRGS2015-03-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/3937410.22456/2176-5456.39374Análise Econômica; Vol. 33 No. 63 (2015): março de 2015Análise Econômica; v. 33 n. 63 (2015): março de 20152176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/39374/33368Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessMissio, Fabricio JoseJayme Jr., Frederico GonzagaOliveira, Ana Maria Hermeto Camilo de2015-04-01T02:54:00Zoai:seer.ufrgs.br:article/39374Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2015-04-01T02:54Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)
DESENVOLVIMENTO FINANCEIRO E CRESCIMENTO ECONÔMICO: TEORIA E EVIDÊNCIA EMPÍRICA PARA AS UNIDADES FEDERATIVAS DO BRASIL (1995-2004)
title FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)
spellingShingle FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)
Missio, Fabricio Jose
Desenvolvimento financeiro
Crescimento econômico
Regressão quantílica.
O10
G20
O42
C31.
Financial development
Economic growth
Quantile regression.
O10
G20
O42
C31
title_short FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)
title_full FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)
title_fullStr FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)
title_full_unstemmed FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)
title_sort FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: THEORY AND EMPIRICAL EVIDENCE FOR THE BRAZILIAN STATES (1995-2004)
author Missio, Fabricio Jose
author_facet Missio, Fabricio Jose
Jayme Jr., Frederico Gonzaga
Oliveira, Ana Maria Hermeto Camilo de
author_role author
author2 Jayme Jr., Frederico Gonzaga
Oliveira, Ana Maria Hermeto Camilo de
author2_role author
author
dc.contributor.author.fl_str_mv Missio, Fabricio Jose
Jayme Jr., Frederico Gonzaga
Oliveira, Ana Maria Hermeto Camilo de
dc.subject.por.fl_str_mv Desenvolvimento financeiro
Crescimento econômico
Regressão quantílica.
O10
G20
O42
C31.
Financial development
Economic growth
Quantile regression.
O10
G20
O42
C31
topic Desenvolvimento financeiro
Crescimento econômico
Regressão quantílica.
O10
G20
O42
C31.
Financial development
Economic growth
Quantile regression.
O10
G20
O42
C31
description This paper aims at analyzing the relationship between economic growth and financial development across Brazilian States. For both, an empirical exercise was undertaken using data for the Brazilian states. We estimate quantile regression in order to show the impact of financial development on the dependent variable (the Gross State Product, GSP) for the period 1995 to 2004. To measure the development of the financial system followed two strategies, based on the development of indicators that capture three dimensions of the financial system: the size of the sector, the level of activity and efficiency. Furthermore, the analysis employs an indicator of liquidity preference of banks and the public to analyze the post keynesian argument. Empirical results suggest a positive relationship between development of the financial development and economic growth and the possibility of distinct regional effects.
publishDate 2015
dc.date.none.fl_str_mv 2015-03-31
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://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/39374
10.22456/2176-5456.39374
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/39374
identifier_str_mv 10.22456/2176-5456.39374
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/39374/33368
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 33 No. 63 (2015): março de 2015
Análise Econômica; v. 33 n. 63 (2015): março de 2015
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
_version_ 1799766267435941888

Registros relacionados