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dc.titleAccess to Loans and Local Development: Evidence from Brazilian Municipalities
dc.contributor.authorMotta Café, Renata
dc.contributor.orgunitFiscal Management Division
dc.coverageBrazil
dc.coverageSouthern Cone
dc.coverageSouth America
dc.coverageLatin America
dc.date.available2024-11-11T00:11:00
dc.date.issue2024-11-11T00:11:00
dc.description.abstractLimited access to credit has been identified as a major constraint to sustainable municipal development, but empirical evidence on the effectiveness of credit operations remains inconclusive. This paper evaluates the impact of federal government guaranteed loans on public expenditures. Using data from Brazilian municipalities and a regression discontinuity design that leverages a discontinuity in the eligibility criteria for federal government guarantees, I show that the loans have a positive impact on the quality of local expenditure and social outcome indicators. This impact is characterized by a significant increase in investment while keeping personnel expenditures stable.
dc.format.extent58
dc.identifier.doihttp://dx.doi.org/10.18235/0013241
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Access-to-Loans-and-Local-Development-Evidence-from-Brazilian-Municipalities.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectPolicy-Based Loan
dc.subjectBank Loan
dc.subjectPublic Expenditure
dc.subjectMunicipal Government
dc.subjectLoan Operation
dc.subjectSaving
dc.subjectPublic Policy
dc.subjectInvestment
dc.subjectFiscal Policy
dc.subject.jelcodeH71 - State and Local Taxation, Subsidies, and Revenue
dc.subject.jelcodeH75 - State and Local Government: Health • Education • Welfare • Public Pensions
dc.subject.jelcodeR51 - Finance in Urban and Rural Economies
dc.subject.keywordsState capacity;Access to credit;public expenditure;municipal development
idb.identifier.pubnumberIDB-WP-01622
idb.operationBR-T1514
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