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Cardoso, Debora Freire; Teixeira, Erly Cardoso; Gurgel, Angelo Costa; Castro, Eduardo Rodrigues de. |
The objective of this paper is to evaluate the impact of government spending with the Interest Rates Equalization (IRE) policy on the economic growth of Brazilian regions. Additionally, it aims to measure the opportunity cost of the subsidy in relation to an alternative application in the transportation sector. The model, database, and software from the General Equilibrium Analysis Project of the Brazilian Economy (PAEG) are applied to the simulations. The result shows that the IRE policy provides economic growth in the Midwestern, Northeastern and Southern regions above the cost of the policy. Besides, in the Northern and Southeastern regions, there is a decrease in the GDP. For Brazil, the policy is cost-effective and offers a 34% rate of return.... |
Tipo: Working or Discussion Paper |
Palavras-chave: Subsidies; Economic growth; Brazilian regions; PAEG; Agricultural and Food Policy. |
Ano: 2011 |
URL: http://purl.umn.edu/114464 |
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