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Detalhes da Produção
| Tipo | Artigo Publicado |
| Grupo | Produção Bibliográfica |
| Descrição | SILVA, T. C. ; HASAN, I. ; TABAK, B. M. Financing choice and local economic growth: evidence from Brazil. JOURNAL OF ECONOMIC GROWTH, v. 26, p. 329-357, 2021. |
| Autor | Thiago Christiano Silva |
| Ano | 2021 |
Informações Complementares
| Ano do artigo | 2021 |
| Descricão e Informacões Adicionais(en) | We study how financing non-traditional local activities, conceived here as a proxy for activity diversification, is associated with economic growth. We use municipality-level data from Brazil, a country with large geographical, social, and economic disparities observed across its more than 5500 municipalities. We find that finance to non-traditional local activities associates with higher municipal economic growth, suggesting a positive externality between the non-traditional and traditional sectors. Using large natural disasters in Brazil as sources of unexpected negative events, we find that this association between financing non-traditional local activities and economic growth becomes negative in times of distress. We find that traditional local sectors are more affected than non-traditional sectors following a natural disaster. Precisely because of the non-traditional sector?s dependence on the traditional sector, our results suggest that municipalities should restrengthen their traditional activities during adverse conditions. |
| Divulgacão Científica | NAO |
| DOI | 10.1007/s10887-021-09191-0 |
| Idioma | Inglês |
| ISSN | 13814338 |
| Meio de Divulgação | VARIOS |
| Natureza | COMPLETO |
| Página Final | 357 |
| Página Inicial | 329 |
| Relevância | SIM |
| Título do Artigo | Financing choice and local economic growth: evidence from Brazil |
| Título do Artigo(en) | Financing Choice and Local Economic Growth: Evidence from Brazil |
| Título do Períodico ou Revista | JOURNAL OF ECONOMIC GROWTH |
| Volume | 26 |