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El BNDES y la industrialización en Brasil. Evidencia histórica y econométrica

Author

Listed:
  • Luna, Victor Isidro.

    (Universidad Nacional Autónoma de México)

Abstract

Este artículo tiene como objetivo mostrar que los bancos de desarrollo tienen un efecto positivo para el crecimiento económico. Se muestra específicamente el caso de Brasil, con su Banco Nacional de Desenvolvimento Econômico e Social (BNDES) fundado en 1952. Para cumplir nuestro objetivo utilizamos tanto herramientas históricas como de estadísticas. Nuestros resultados indican que: a) los desembolsos del BNDES tuvieron una importante contribución a la industrialización desde 1952 hasta 1970, y b) pruebas estadísticas señalan que la formación bruta de capital fijo antecede (o causa) los desembolsos realizados por el BNDES./ This article aims to show that development banks positively affect economic growth and generate employment, with the Brazilian development BNDES, founded in 1952, as an example. Using statistical as well as historical tools, we found that a) BNDES’ disbursements had an important contribution to industrialization from 1952 until the 1970s, and b) BNDES’ disbursements are highly correlated to investments in machinery and equipment.

Suggested Citation

  • Luna, Victor Isidro., 2014. "El BNDES y la industrialización en Brasil. Evidencia histórica y econométrica," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(18), pages 97-122, primer se.
    • Handle: RePEc:ipn:panora:v:ix:y:2014:i:18:p:97-122
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    References listed on IDEAS

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    JEL classification:

    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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