Intervenção governamental, crescimento e bem-estar: efeitos da política de Equalização das Taxas de Juros do crédito rural nas regiões brasileiras

The paper's overall objective is to evaluate the impacts of government spending with the Interest Rates Equalization (IRE) policy in the economic growth and welfare of the five Brazilian macro-regions. Simulations were performed using the model, database and software of the General Equilibrium...

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Bibliographic Details
Published in:Nova economia (Belo Horizonte, Brazil) Brazil), 2014-05, Vol.24 (2), p.363
Main Authors: Cardoso, Débora Freire, Teixeira, Erly Cardoso, Gurgel, Ângelo Costa, Castro, Eduardo Rodrigues de
Format: Article
Language:eng ; por
Subjects:
Agricultural economics
Agricultural lending
Cost analysis
Credit
Economic growth
Economic models
Economic theory
Government spending
Interest rates
Rural communities
subsídios, crescimento econômico, bem-estar, equilíbrio geral, regiões brasileiras
Welfare
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Summary:The paper's overall objective is to evaluate the impacts of government spending with the Interest Rates Equalization (IRE) policy in the economic growth and welfare of the five Brazilian macro-regions. Simulations were performed using the model, database and software of the General Equilibrium Analysis Project of the Brazilian Economy (PAEG). The results show that the IRE policy provides economic growth in the Midwest, Northeast, and South regions that are greater than the cost of the policy. Moreover, in the North and East regions there is a decrease in the GDP. For Brazil, the policy is cost-effective and offers a 34% return. Furthermore, all regions are benefiting in terms of welfare. We conclude that the IRE policy is efficient and contributes to reducing regional disparities.
ISSN:0103-6351
1980-5381
DOI:10.1590/0103-6351/1281