This paper contributes to the literature on economic relatedness and diversification in Brazil. It uses firm-level, occupational data to estimate the relationship between regions' diversification, the degree of relatedness, and economic complexity indexes. Given that the current literature often...

During the last recession, credit flows suffered their worst slowdown since World War II. A look at selected credit market measures gives some insight into why the slowdown was so severe. The measures also show that in spite of the size of the shock, credit flows actually recovered extremely...

Abstract Using a GMM estimator for a spatial panel model with an endogenous spatial lag and spatial moving average errors we investigate the spatial structure of the financial system in Brazil. The results point to a negative spatial association between the Brazilian municipalities' financial...

This paper explores the financial development in Brazil. It focuses on the impacts of the development level of a municipality’s financial system over its neighborhood, under the light of the Central Place Theory. Using a GMM estimator for a spatial panel model with an endogenous spatial lag...

Detailed macroeconomic data to accompany the article in the Review of Economic Dynamics