This article is part of a research agenda in the financial aspects of regional development. Although this is not a new agenda, it is possible to say that it is not consolidate yet. The paper aims to analyze how distinct macroeconomic environment could affect the variation of credit among regions. Two very distinct periods of the brazilain economy are analyzed: the year of 1994, which could characterized by the monetary stabilization and by the economic growth based on the internal market performance; and the year of 2004, which is characterized by the economic growth based on the performance of external market. Thought the shif-share analyzes of the regional distribution of the variation of credit, it is showed that the economic growth based on the internal market is more favorable to the redistribution of the regional credit if it is compared with the economic growth based on the external market. This outcome shad lights on the debate over what is the best type of economic growth to tackle the regional imbalances.
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Length: Date of creation: 2005 Date of revision: Handle: RePEc:anp:en2005:121
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Find related papers by JEL classification: R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes R12 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography) R51 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
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