Economic growth and financial development in Brazil: a flexible regression model approach
This paper examines the relationship between economic growth and financial development in Brazil. To this end, a data panel is constructed of all the Brazilian states for the period 1995–2014, with appropriate control variables and proxies for economic growth and financial development. The relations...
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oai-11362-449812020-12-14T16:18:55Z Economic growth and financial development in Brazil: a flexible regression model approach Pessoa, Filipe de Morais Cangussu Braga, Marcelo José CRECIMIENTO ECONOMICO ASPECTOS FINANCIEROS OPERACIONES BANCARIAS DE INVERSION INDICADORES ECONOMICOS MODELOS ECONOMETRICOS ECONOMIC GROWTH FINANCIAL ASPECTS INVESTMENT BANKING ECONOMIC INDICATORS ECONOMETRIC MODELS This paper examines the relationship between economic growth and financial development in Brazil. To this end, a data panel is constructed of all the Brazilian states for the period 1995–2014, with appropriate control variables and proxies for economic growth and financial development. The relationship is analysed for five different indicators of financial development, with a view to capturing its different aspects. Flexible regression modelling determines the direction of this relationship, characterizing it as linear or non-linear for each financial development indicator. It is concluded that the relationship between financial development and economic growth is positive and non-linear. 2019-12-04T14:42:41Z 2019-12-04T14:42:41Z 2019-08-26 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/44981 LC/PUB.2019/11-P 5 en CEPAL Review CEPAL Review 128 .pdf application/pdf 1995 BRASIL BRAZIL 2014 |
institution |
Cepal |
collection |
Cepal |
language |
English |
topic |
CRECIMIENTO ECONOMICO ASPECTOS FINANCIEROS OPERACIONES BANCARIAS DE INVERSION INDICADORES ECONOMICOS MODELOS ECONOMETRICOS ECONOMIC GROWTH FINANCIAL ASPECTS INVESTMENT BANKING ECONOMIC INDICATORS ECONOMETRIC MODELS |
spellingShingle |
CRECIMIENTO ECONOMICO ASPECTOS FINANCIEROS OPERACIONES BANCARIAS DE INVERSION INDICADORES ECONOMICOS MODELOS ECONOMETRICOS ECONOMIC GROWTH FINANCIAL ASPECTS INVESTMENT BANKING ECONOMIC INDICATORS ECONOMETRIC MODELS Pessoa, Filipe de Morais Cangussu Braga, Marcelo José Economic growth and financial development in Brazil: a flexible regression model approach |
description |
This paper examines the relationship between economic growth and financial development in Brazil. To this end, a data panel is constructed of all the Brazilian states for the period 1995–2014, with appropriate control variables and proxies for economic growth and financial development. The relationship is analysed for five different indicators of financial development, with a view to capturing its different aspects. Flexible regression modelling determines the direction of this relationship, characterizing it as linear or non-linear for each financial development indicator. It is concluded that the relationship between financial development and economic growth is positive and non-linear. |
format |
Texto |
author |
Pessoa, Filipe de Morais Cangussu Braga, Marcelo José |
author_facet |
Pessoa, Filipe de Morais Cangussu Braga, Marcelo José |
author_sort |
Pessoa, Filipe de Morais Cangussu |
title |
Economic growth and financial development in Brazil: a flexible regression model approach |
title_short |
Economic growth and financial development in Brazil: a flexible regression model approach |
title_full |
Economic growth and financial development in Brazil: a flexible regression model approach |
title_fullStr |
Economic growth and financial development in Brazil: a flexible regression model approach |
title_full_unstemmed |
Economic growth and financial development in Brazil: a flexible regression model approach |
title_sort |
economic growth and financial development in brazil: a flexible regression model approach |
publishDate |
2019 |
url |
http://hdl.handle.net/11362/44981 |
work_keys_str_mv |
AT pessoafilipedemoraiscangussu economicgrowthandfinancialdevelopmentinbrazilaflexibleregressionmodelapproach AT bragamarcelojose economicgrowthandfinancialdevelopmentinbrazilaflexibleregressionmodelapproach |
_version_ |
1718433768364048384 |