IDEAS home Printed from https://ideas.repec.org/p/anp/en2004/076.html
   My bibliography  Save this paper

Sistema Financeiro E Crescimento Econômico: Uma Aplicação De Regressão Quantílica

Author

Listed:
  • Everton Nunes da Silva
  • Sabino da Silva Porto Júnior

Abstract

This work has as objective to analyze the supposed existing positive relation between financial development and economic growth. The financial system influences the economic growth due to the functions that it plays, such as: ) the mobilization of resources; b) allocation of the resources in the space and the time; c) administration of the risk; d) selection and monitoration of firms; and e) production and spreading of information. It was applied technique of quantile regression to analyze these aspects for data of 77 countries, what it allowed a more complete mapping of the impact generated for the measures of financial development in the conditional distribution of the response varieble (measured of economic growth). The estimates allow us to conclude that: ) it has a positive relation between financial development and economic growth; and b) bigger the quantil (that is, greater the ratio of economic growth) bigger is the contribution of the financial system for the economic growth.

Suggested Citation

  • Everton Nunes da Silva & Sabino da Silva Porto Júnior, 2004. "Sistema Financeiro E Crescimento Econômico: Uma Aplicação De Regressão Quantílica," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] 076, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
  • Handle: RePEc:anp:en2004:076
    as

    Download full text from publisher

    File URL: http://www.anpec.org.br/encontro2004/artigos/A04A076.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mauricio Moura & Caio Piza & Marcos Poplawski-Ribeiro, 2011. "The Distributive Effects of Land Titleon Labor Supply; Evidence From Brazil," IMF Working Papers 11/131, International Monetary Fund.

    More about this item

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • G19 - Financial Economics - - General Financial Markets - - - Other
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anp:en2004:076. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rodrigo Zadra Armond). General contact details of provider: http://edirc.repec.org/data/anpecea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.