{"title":"再分配对巴西经济增长的影响：GVAR 方法","authors":"Luccas Assis Attílio","doi":"10.1007/s11079-024-09770-9","DOIUrl":null,"url":null,"abstract":"<p>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.</p>","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"133 1","pages":""},"PeriodicalIF":1.5000,"publicationDate":"2024-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Effects of Redistribution on Growth in Brazil: A GVAR Approach\",\"authors\":\"Luccas Assis Attílio\",\"doi\":\"10.1007/s11079-024-09770-9\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>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.</p>\",\"PeriodicalId\":46980,\"journal\":{\"name\":\"Open Economies Review\",\"volume\":\"133 1\",\"pages\":\"\"},\"PeriodicalIF\":1.5000,\"publicationDate\":\"2024-05-27\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Open Economies Review\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1007/s11079-024-09770-9\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Open Economies Review","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s11079-024-09770-9","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
Effects of Redistribution on Growth in Brazil: A GVAR Approach
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.
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
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