Impactos do crédito sobre o crescimento econômico dos municípios do Ceará no período de 2005 a 2015

Abstract

In recent years, the economic literature has considerably expanded research that seeks to answer factors that contribute to economic growth. Since the beginning of the 20th century, credit has been studied as an important factor for the growth of economies and subsequent development of society in pursuit of social welfare. In Brazil it could not be different, marked by great regional inequalities, credit can be a determining factor in the PIB of Brazilian municipalities. In this sense, we sought to verify the impact of granting credit on the PIB of municipalities in Ceará between 2005 and 2015. This is a descriptive, explanatory and quantitative research. Secondary data were used through Fixed Effects Models for Panel Data from 106 municipalities in Ceará. The results showed that credit contributed positively to the increase in the PIB of Ceará's municipalities both in aggregate and disaggregated form in the agricultural, industrial and trade and services sectors. Paying attention to the fact that it was less relevant for the agricultural sector. It should also be noted that there was a high concentration of credit supply, with Fortaleza having 72% of credit from municipalities and only 9 municipalities with a share in PIB proportionally higher than their share in credit.