Movimentos comuns e idiossincráticos do índice de miséria ampliado evidências para o Brasil e Ceará

Abstract

The present study seeks to analyze the common, national, regional and idiosyncratic movements of the expanded misery index for some Brazilian states. The creation of the expanded misery index was based on the works of Okun and Barro, who use indicators such as unemployment and inflation, for the creation of this indicator. After generating the index, we analyze its co-movements through a model of latent dynamic factors. This was done with the aim of observing the rate of variability for each component, thus revealing how macroeconomic poverty behaves for these regions. The results obtained show that some southern states have great independence from the variation of the national cycle. In particular, Ceará has a very high degree of identification with this cycle, it can be concluded that the misery index in this state is strongly impacted by national changes