Measuring the impact of development banks on local growth: evidence from BNDES in Brazil by Maria Júlia C. Wegelin and Christiano A. Coelho, published by Sociedade Brasileira de Econometria (12/2014). “In 2006 the Brazilian national development bank, BNDES, established a credit policy designed to stimulate economic growth in municipalities with certain characteristics in Brazil. We use the fact that some municipalities borrowed through the program while others did not to estimate the effect of BNDES credit policy on local development…”
Verificar em:
