Credit Market as a Determinant of Economic Growth: evidence for Brazilian municipalities (2002-2018)

Authors

  • André de Souza do Nascimento Universidade Federal do Paraná
  • Mauricio Vaz Lobo Bittencourt Universidade Federal do Paraná

DOI:

https://doi.org/10.54766/rberu.v17i1.946

Keywords:

Credit Market, Inequality, Economic Growth

Abstract

Taking into account the economic and social inequalities in Brazil, the objective of this work is to analyze the importance of the credit market for the economic growth of Brazilian municipalities. Using an augmented Solow-Swan economic growth model and panel data estimation, we investigate how the level of bank credit operations affects per capita economic growth in Brazilian cities. The results reveal a positive correlation between credit availability and per capita income of Brazilian municipalities between 2002 and 2018. Cities with a higher level of credit market development showed higher levels of per capita economic growth, corroborating the hypothesis that the financial market is an important determinant of economic growth.

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Published

2024-04-10

How to Cite

DE SOUZA DO NASCIMENTO, A.; VAZ LOBO BITTENCOURT, M. . Credit Market as a Determinant of Economic Growth: evidence for Brazilian municipalities (2002-2018). Revista Brasileira de Estudos Regionais e Urbanos, [S. l.], v. 17, n. 1, p. 63–89, 2024. DOI: 10.54766/rberu.v17i1.946. Disponível em: https://revistaaber.org.br/rberu/article/view/946. Acesso em: 30 nov. 2024.

Issue

Vol. 17 No. 1 (2023): Revista Brasileira de Estudos Regionais e Urbanos

Section

Papers

License

Copyright (c) 2024 ABER

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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The content published by the 'Revista Brasileira de Estudos Regionais e Urbanos' (Brazilian Review of Regional and Urban Studies) is licensed under a Creative Commons Atribuição 4.0 Internacional license. 

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