Socioeconomic development of Brazilian municipalities: The role of public and private banks

Autor:	Greisson Almeida Pereira, Emilson Caputo Delfino Silva
Jazyk:	English<br />Spanish; Castilian<br />Portuguese
Rok vydání:	2021
Předmět:	Public banks Private banks Socioeconomic development Brazilian municipalities Economic history and conditions HC10-1085 Economic theory. Demography HB1-3840
Zdroj:	Estudios Económicos, Vol 38, Iss 77 (2021)
Druh dokumentu:	article
ISSN:	0425-368X 2525-1295
DOI:	10.52292/j.estudecon.2021.2112
Popis:	The economic literature has discussed the role of public banks regarding their performance as drivers of socioeconomic development, highlighting their social role when compared to private banks. This paper contributes to this discussion and analyzes the impact of the physical presence of public and private commercial banks on the Firjan Index of Municipal Development (FMDI) of Brazilian municipalities. The results of a logit panel model show that public banks have greater impact on the FMDI rather than private banks, taking into account where the municipality is located and the externalities caused by the neighboring municipality. There is great probability of a municipality being in a high level of development if it has the physical presence of commercial public banks.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/ccdb3b0ae8cb416089ae7ed3b85314b8 Zobrazit plný text záznamu View record in DOAJ