Measuring the aggregate effects of the Brazilian Development Bank on investment by Ricardo de Menezes Barboza e Gabriel F. R. Vasconcelos published by The North American Journal of Economics and Finance (1/2019). “In this paper, we show that the Brazilian Development Bank (BNDES), one of the largest development banks in the world, had a positive and statistically significant impact on Brazilian aggregate investment during the 2002-2016 period…”
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