Effects of Redistribution on Growth in Brazil: A GVAR Approach

IF 1.5 4区经济学 Q2 ECONOMICS Open Economies Review Pub Date : 2024-05-27 DOI:10.1007/s11079-024-09770-9

Luccas Assis Attílio

引用次数: 0

Abstract

We evaluate the impact of income redistribution on the Brazilian GDP using a GVAR model with 33 economies from 1980Q1 to 2018Q4. We detect a significant impact of redistribution on the GDP, with investment contributing to the diffusion of the shock. We find that Brazilian redistributive policies affect the GDP of trade partners, mainly Latin American economies. Hence, we argue that redistribution provokes spillover effects. We also examine if external redistributive policies affect Brazil's GDP, and our estimates support this hypothesis. We created a new multiplier - the redistribution multiplier - and obtained values greater than two over time. Our research highlights the existence of spillover effects caused by redistributive policies and the importance of the international economy in the analysis. Redistribution policy effects are not enclosed to domestic borders.

Abstract Image

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

再分配对巴西经济增长的影响：GVAR 方法

我们使用一个包含 33 个经济体的 GVAR 模型，评估了 1980Q1 至 2018Q4 期间收入再分配对巴西国内生产总值的影响。我们发现再分配对国内生产总值有重大影响，而投资有助于冲击的扩散。我们发现，巴西的再分配政策会影响贸易伙伴（主要是拉美经济体）的国内生产总值。因此，我们认为再分配会产生溢出效应。我们还研究了外部再分配政策是否会影响巴西的国内生产总值，我们的估计结果支持这一假设。我们创建了一个新的乘数--再分配乘数--并获得了长期大于 2 的数值。我们的研究强调了再分配政策所带来的溢出效应的存在，以及国际经济在分析中的重要性。再分配政策的影响并不局限于国内边界。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

Open Economies Review ECONOMICS-

CiteScore

2.30

自引率

16.70%

发文量

期刊介绍： The topics covered in Open Economies Review include, but are not limited to, models and applications of (1) trade flows, (2) commercial policy, (3) adjustment mechanism to external imbalances, (4) exchange rate movements, (5) alternative monetary regimes, (6) real and financial integration, (7) monetary union, (8) economic development and (9) external debt. Open Economies Review welcomes original manuscripts, both theoretical and empirical, dealing with international economic issues or national economic issues that have transnational relevance. Furthermore, Open Economies Review solicits contributions bearing on specific events on important branches of the literature. Open Economies Review is open to any and all contributions, without preferences for any particular viewpoint or school of thought. Open Economies Review encourages interdisciplinary communication and interaction among researchers in the vast area of international and transnational economics. Authors will be expected to meet the scientific standards prevailing in their respective fields, and empirical findings must be reproducible. Regardless of degree of complexity and specificity, authors are expected to write an introduction, setting forth the nature of their research and the significance of their findings, in a manner accessible to researchers in other disciplines. Officially cited as: Open Econ Rev

期刊最新文献

EU Sanctions on Russia and Implications for a Small Open Economy: The Case of Cyprus Responses of Foreign Exchange Market to External Shocks: What Makes Differences? Testing for Consumer Risk-Pooling in the Open Economy – further Results Assessing Digital Leadership: Is the EU Losing Out to the US? Macroprudential Policies and Global Banking