Promoção do Setor Financeiro como Estratégia de Desenvolvimento Regional – O Caso do Nordeste Brasileiro

Alexandre Barros ()

No 51, Working Papers from Datamétrica Consultoria Econômica

Abstract: The paper relies on cross section county data within the period 2000 and 2007 to test two major hypotheses: (i) Finance development contributes to economic growth in Northeast, as it does nationally and even internationally; and (ii) there is some bias against Northeastern counties in decisions to install bank branches. The tests rely on Barro and Sala-i-Martin standard growth regressions. The results confirm the two hypotheses. In addition, the paper argues that policies to foster finance development within the region could contribute to reduce regional inequalities in Brazil. The most obvious policy suggested is to eliminate the bias on braches installations. Other policies, such as regionally discriminatory taxes on loans and reserves requirements, are also pointed as ways to contribute to foster growth in poorer counties and to reduce regional inequalities.

Keywords: Bank agency; regional inequality; financial system. (search for similar items in EconPapers)
JEL-codes: C21 R11 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2009, Revised 2009
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ftp://repec.datametrica.com.br/RePEc/dtm/wpaper/PR ... MENTO_REGIONAL51.pdf Revised version, 2009. (application/pdf)
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Related works:
Working Paper: Promoção do Setor Financeiro como Estratégia de Desenvolvimento Regional – O Caso do Nordeste Brasileiro (2011)
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