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Is the public sector of your country a diffusion borrower? Empirical evidence from Brazil.
- Source :
- PLoS ONE; 10/05/2017, Vol. 12 Issue 10, p1-11, 11p
- Publication Year :
- 2017
-
Abstract
- We propose a diffusion process to describe the global dynamic evolution of credit operations at a national level given observed operations at a subnational level in a sovereign country. Empirical analysis with a unique dataset from Brazilian federate constituents supports the conclusions. Despite the heterogeneity observed in credit operations at a subnational level, the aggregated dynamics at a national level were accurately described by the proposed model. Results may guide management of public finances, particularly debt manager authorities in charge of reaching surplus targets. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 12
- Issue :
- 10
- Database :
- Complementary Index
- Journal :
- PLoS ONE
- Publication Type :
- Academic Journal
- Accession number :
- 125495857
- Full Text :
- https://doi.org/10.1371/journal.pone.0185257