Investment and the banking system: a Kaleckian approach for regions in Brazil
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Universidade Federal de Minas Gerais
Descrição
Tipo
Artigo de periódico
Título alternativo
Primeiro orientador
Membros da banca
Resumo
This paper analyzes the effects of the regional distribution of the banking system on investment rates in Brazil. The
investigation relies on a perspective whereby the role of external funds in inducing firms’ investment is determined by
the disparate regional distribution of the banking system. Empirical results from a panel-data multilevel model indicate
that the regional concentration and centralization of the banking system are relevant for firms’ investment choices.
More importantly, the fitness of the multilevel model indicates the need to consider that investment rates vary
according to a regional hierarchical banking structure (centre versus periphery)
Abstract
Assunto
Economia, Bancos
Palavras-chave
Taxas de Investimento Regional, Bancos, Regiões, Concentração, Centralização
Citação
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Curso
Endereço externo
https://www.tandfonline.com/doi/full/10.1080/00343404.2018.1441528