This study contributes to the understanding of the causality between different credit measures and indicators of economic activity in the State of São Paulo. Questions have been raised as to the prevailing Granger-causality for national economies, and a regional approach that has not yet been...

The aim of this paper is to analyze the convergence in the growth rates among Brazilian States in the period 1988-2001. In addition to the traditional variables used in the studies about convergence, Brazilian States credit indicators were included, which is the very innovation of this study....