Regional credit distribution in Brazil: the role of state-owned financial institutions

被引:0
|
作者
Feil, Fernanda [1 ]
Feijo, Carmem [2 ]
Horn, Carlos Henrique [3 ]
机构
[1] Fluminense Fed Univ, Dept Econ, Niteroi, RJ, Brazil
[2] Fluminense Fed Univ, Natl Council Sci & Technol Dev CNPq, Niteroi, RJ, Brazil
[3] Univ Fed Rio Grande do Sul, Dept Econ & Int Relat, Porto Alegre, RS, Brazil
来源
AREA DEVELOPMENT AND POLICY | 2021年 / 6卷 / 04期
关键词
development finance; public sector; credit concentration; regional inequality; Brazil;
D O I
10.1080/23792949.2020.1869047
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
State-owned financial institutions (SFIs) play an important role in regional credit distribution and the promotion of structural change and regional economic development, often contributing to regional convergence. The evolution of SFIs in Brazil after the Second World War, through the 1980s' debt crisis and 1990s' financial reform and under Workers Party governments in the new millennium, is outlined. The analysis of a regional credit concentration index from 2010 to 2020 shows that from 2004 to 2015 revived national and subnational SFIs helped drive a phase of regional convergence. Despite their smaller size, subnational SFIs still play a role in regional development as their chief mandate is credit supply.
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页码:424 / 440
页数:17
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