IDEAS home Printed from
   My bibliography  Save this paper

Desenvolvimento do sistema financeiro e pobreza no Brasil: uma análise multivariada


  • Tânia Fialho


  • Frederico G. Jayme Jr


  • Ana Maria Hermeto C. de Oliveira



In recent decades, several studies have emphasized the relationship between the development of the financial system and economic growth. Theoretical and empirical analyzes suggest that the development of the financial system has a positive effect on the rate of economic growth, generating impacts on income growth and reducing poverty rates. This study investigated the effectiveness of the development of the financial system as a tool for promoting economic growth, increase income and reduce poverty, using data from the Brazilian states from 1995 to 2008. We employ canonical correlation in order to confront the theoretical predictions with the empirical behavior of the variables of interest over time. The results show that the development of the financial system has demonstrated a good predictive power of the variance of the compounds of variables related to income and poverty.

Suggested Citation

  • Tânia Fialho & Frederico G. Jayme Jr & Ana Maria Hermeto C. de Oliveira, 2013. "Desenvolvimento do sistema financeiro e pobreza no Brasil: uma análise multivariada," Textos para Discussão Cedeplar-UFMG 475, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td475

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Financial Development; poverty; income.;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    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:cdp:texdis:td475. 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: (Gustavo Britto). General contact details of provider: .

    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.