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south in Brazil. Moreover, the positive average-years-of-schooling coefficient gets larger as more aggregate spatial scales … the geographic scales. Finally, the values of spatial spillovers coefficients also vary according to the spatial scale …-regional levels; but, at state level those coefficients are no longer statistically significant suggesting that spatial spillovers are …
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This paper aims to evaluate the impact of a tax incentive program targeted to small business (SIMPLES) on employment growth. The evaluation is conducted for two distinct periods, namely 1997 when the program was first implemented and 1999 when the eligibility rule was modified in order to...
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This article investigates the effects of fiscal policy shock in the Brazilian economy using quarterly data during the period between January/1995 and December/2007. We follow the agnostic procedure suggested by Mountford and Uhlig (2005) to verify separately the impact of the unexpected positive...
Persistent link: https://www.econbiz.de/10003823368
In this paper we investigate the real effects of fiscal policy in Brazil during the 1995-2008 period by estimating a …
Persistent link: https://www.econbiz.de/10008658312
The study presents a macro-finance model to analyze the impacts of a fiscal policy shock in the Brazilian term structure of interest rate in the period 1999-2010. Fiscal policy explains a higher proportion of the long-term interest rate variance (25% of the five years rate) comparing to the...
Persistent link: https://www.econbiz.de/10009228943
This paper aims to evaluate the economic impacts of the Northeast Regional Fund (FNE). This study combines evaluations using different spatial scales that provide robust results of impact of the FNE loans on the GDP per capita growth between 2004 and 2010. The resu lts of fixed effect models...
Persistent link: https://www.econbiz.de/10010403995