Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice

Detalhes bibliográficos
Autor(a) principal: Gomes, Raquel
Data de Publicação: 2024
Outros Autores: Farias, Hilder André Bezerra
Tipo de documento: Artigo
Idioma: por
Título da fonte: RACE (Joaçaba. Online)
Texto Completo: https://periodicos.unoesc.edu.br/race/article/view/32948
Resumo: The present article focuses on the use of credit by Brazilian households. Its objective was to identify the efects of theoretical factors from the intertemporal choice model related to credit usage in Brazil. The theoretical model addressed was the intertemporal choice model from a microeconomic perspective, along with its implications in the Permanent Income Hypothesis and the Life Cycle Hypothesis. The study utilizes data from the Time Series Manager System of the Central Bank of Brazil, encompassing income, expectations, savings, interest rates, inflation, indebtedness, and default, employing VAR-VEC econometric modeling. The main results indicate that savings formation aligns with the analyzed theoretical model, while indebtedness exhibited expected behavior concerning expectations, inflation, and default, a variable added based on the literature review.
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spelling Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choicePropensão ao uso do Crédito no Brasil (2012-2023): Aspectos empíricos da escolha intertemporalCreditIntertemporal ChoiceDebtTime SeriesCréditoEscolha IntertemporalEndividamentoSéries TemporaisThe present article focuses on the use of credit by Brazilian households. Its objective was to identify the efects of theoretical factors from the intertemporal choice model related to credit usage in Brazil. The theoretical model addressed was the intertemporal choice model from a microeconomic perspective, along with its implications in the Permanent Income Hypothesis and the Life Cycle Hypothesis. The study utilizes data from the Time Series Manager System of the Central Bank of Brazil, encompassing income, expectations, savings, interest rates, inflation, indebtedness, and default, employing VAR-VEC econometric modeling. The main results indicate that savings formation aligns with the analyzed theoretical model, while indebtedness exhibited expected behavior concerning expectations, inflation, and default, a variable added based on the literature review.O presente artigo tem como tema o uso do crédito pelas famílias brasileiras. Seu objetivo foi identificar os efeitos dos fatores teóricos do modelo de escolha intertemporal ligados ao uso do crédito no Brasil. O modelo teórico tratado foi o da escolha intertemporal, do ponto de vista microeconômico, e seus desdobramentos na Hipótese da Renda Permanente e na Hipótese do Ciclo de Vida. O estudo usa dados do Sistema Gerenciador de Séries Temporais do Banco Central do Brasil sobre renda, expectativas, poupança, juros, inflação, endividamento e inadimplência, com modelagem econométrica VAR-VEC. Os principais resultados apontam que a formação de poupança está coerente com o modelo teórico analisado, enquanto o endividamento apresentou comportamentos esperados para as expectativas, inflação, e com a inadimplência, variável adicionada a partir da revisão de literatura.Universidade do Oeste de Santa Catarina2024-04-09info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdftext/htmlhttps://periodicos.unoesc.edu.br/race/article/view/3294810.18593/race.32948RACE - Revista de Administração, Contabilidade e Economia; RACE – Ahead of print; 1-28RACE - Revista de Administração, Contabilidade e Economia; RACE – Ahead of print; 1-282179-49361678-6483reponame:RACE (Joaçaba. Online)instname:Universidade do Oeste de Santa Catarina (UNOESC)instacron:UNOESCporhttps://periodicos.unoesc.edu.br/race/article/view/32948/19361https://periodicos.unoesc.edu.br/race/article/view/32948/19362Copyright (c) 2024 Raquel Gomes, Hilder André Bezerra Fariashttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessGomes, RaquelFarias, Hilder André Bezerra2024-04-11T15:56:29Zoai:ojs.periodicos.unoesc.edu.br:article/32948Revistahttps://portalperiodicos.unoesc.edu.br/racehttps://portalperiodicos.unoesc.edu.br/race/oairace@unoesc.edu.br||editora@unoesc.edu.br2179-49361678-6483opendoar:2024-04-11T15:56:29RACE (Joaçaba. Online) - Universidade do Oeste de Santa Catarina (UNOESC)false
dc.title.none.fl_str_mv Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice
Propensão ao uso do Crédito no Brasil (2012-2023): Aspectos empíricos da escolha intertemporal
title Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice
spellingShingle Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice
Gomes, Raquel
Credit
Intertemporal Choice
Debt
Time Series
Crédito
Escolha Intertemporal
Endividamento
Séries Temporais
title_short Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice
title_full Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice
title_fullStr Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice
title_full_unstemmed Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice
title_sort Propensity for Credit Usage in Brazil (2012-2023): Empirical aspects of intertemporal choice
author Gomes, Raquel
author_facet Gomes, Raquel
Farias, Hilder André Bezerra
author_role author
author2 Farias, Hilder André Bezerra
author2_role author
dc.contributor.author.fl_str_mv Gomes, Raquel
Farias, Hilder André Bezerra
dc.subject.por.fl_str_mv Credit
Intertemporal Choice
Debt
Time Series
Crédito
Escolha Intertemporal
Endividamento
Séries Temporais
topic Credit
Intertemporal Choice
Debt
Time Series
Crédito
Escolha Intertemporal
Endividamento
Séries Temporais
description The present article focuses on the use of credit by Brazilian households. Its objective was to identify the efects of theoretical factors from the intertemporal choice model related to credit usage in Brazil. The theoretical model addressed was the intertemporal choice model from a microeconomic perspective, along with its implications in the Permanent Income Hypothesis and the Life Cycle Hypothesis. The study utilizes data from the Time Series Manager System of the Central Bank of Brazil, encompassing income, expectations, savings, interest rates, inflation, indebtedness, and default, employing VAR-VEC econometric modeling. The main results indicate that savings formation aligns with the analyzed theoretical model, while indebtedness exhibited expected behavior concerning expectations, inflation, and default, a variable added based on the literature review.
publishDate 2024
dc.date.none.fl_str_mv 2024-04-09
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://periodicos.unoesc.edu.br/race/article/view/32948
10.18593/race.32948
url https://periodicos.unoesc.edu.br/race/article/view/32948
identifier_str_mv 10.18593/race.32948
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://periodicos.unoesc.edu.br/race/article/view/32948/19361
https://periodicos.unoesc.edu.br/race/article/view/32948/19362
dc.rights.driver.fl_str_mv Copyright (c) 2024 Raquel Gomes, Hilder André Bezerra Farias
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2024 Raquel Gomes, Hilder André Bezerra Farias
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
text/html
dc.publisher.none.fl_str_mv Universidade do Oeste de Santa Catarina
publisher.none.fl_str_mv Universidade do Oeste de Santa Catarina
dc.source.none.fl_str_mv RACE - Revista de Administração, Contabilidade e Economia; RACE – Ahead of print; 1-28
RACE - Revista de Administração, Contabilidade e Economia; RACE – Ahead of print; 1-28
2179-4936
1678-6483
reponame:RACE (Joaçaba. Online)
instname:Universidade do Oeste de Santa Catarina (UNOESC)
instacron:UNOESC
instname_str Universidade do Oeste de Santa Catarina (UNOESC)
instacron_str UNOESC
institution UNOESC
reponame_str RACE (Joaçaba. Online)
collection RACE (Joaçaba. Online)
repository.name.fl_str_mv RACE (Joaçaba. Online) - Universidade do Oeste de Santa Catarina (UNOESC)
repository.mail.fl_str_mv race@unoesc.edu.br||editora@unoesc.edu.br
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