Crédito e crescimento regional no Brasil: o banco de desenvolvimento BNDES versus bancos privados e públicos
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https://doi.org/10.1590/1980-53575232pgvPalavras-chave:
Bancos de desenvolvimento, Bancos estatais, Crescimento regional, BNDESResumo
O presente artigo distingue como o tipo de banco que concede empréstimos está relacionado ao PIB per capita nos municípios brasileiros entre 2007 e 2016. Um conjunto de dados único nos permite discriminar entre os efeitos de créditos operados por bancos comerciais privados ou públicos ou empréstimos pelo banco nacional de desenvolvimento BNDES fornecidos direta ou indiretamente por meio de instituições financeiras credenciadas. Usando o estimador do sistema GMM, encontramos que o crédito dos bancos comerciais públicos tem o maior efeito sobre o crescimento econômico, mas está concentrado nos municípios mais populosos. Além disso, os empréstimos indiretos do BNDES apresentam uma relação positiva robusta e significante com o PIB local, uma vez que essa linha de crédito visa especialmente empresas em regiões pequenas e com restrições de crédito e foi concedida de forma não-cíclica.
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Copyright (c) 2022 Philipp Ehrl, Greisson Almeida Pereira, Vinícius Vizzotto Zanchi
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