The Brazilian regional development funds and economic growth: A spatial panel approach

Túlio Cravo and Guilherme Resende

No wp-2015-118, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The regional development policy in Brazil materializes mainly in the regional development funds for the north-east (FNE), the north (FNO), and the centre-west (FCO), in which more than EUR36 billion was invested between 2004 and 2010. This paper examines the economic effect of these regional development funds using for the first time a unique and recent data provided by Brazil's government. The study uses spatial panel models and different spatial scales of municipalities and micro-regions to analyse the effect of development funds on regional GDP per capita growth during 2004-10.

Keywords: Economic growth; Regional economics (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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