WORKERS’ PARTY GOVERNMENTS IN BRAZIL AND MACROECONOMIC PERFORMANCE: AN ANALYSIS WITH SYNTHETIC CONTROL

Cleiton Silva de Jesus ()
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Cleiton Silva de Jesus: Universidade Estadual de Feira de Santana

Revista de Economia Mackenzie (REM), 2024, vol. 21, issue 1, 211-243

Abstract: The goal of this paper is to quantitatively evaluate the impact of PT’s governments on the GDP per capita of the Brazilian economy. To do that, we use a synthetic control approach to create a contrafactual of Brazil’s GDP per capitaand, after that, we compare the economic growth under PT’s administration against the contrafactual. Once we estimate the standard model using one donor pool of emerging market economies, performed a placebo test and executed some robustness exercises, we did not find strong evidence that the effect of PT’s governments on GDP per capita was negative.

Keywords: PT; macroeconomic performance; synthetic control; GDP per capita, Brazilian economy. (search for similar items in EconPapers)
JEL-codes: C23 O40 P52 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:21:1:2024:jan:jun:p:211-243

DOI: 10.5935/1808-2785/rem.v21n1p.211-243

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