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Efeito dose resposta do Fundo Constitucional de financiamento do Centro-Oeste (FCO) do estado de Goi\ue1s

By Guilherme Resende Oliveira, Rafael Terra de Menezes and Guilherme Mendes Resende

Abstract

The study evaluates the Constitutional Financing Fund for the Center-West (FCO) in the state of Goi\ue1s between the years 2004 and 2011, using Rais microdata, and loans from the FCO "Empresarial" Program. The results show a positive and statistically significant impact of the FCO on employment and wage growth at the firm level. We use the Propensity Score Matching (PSM) and the Generalized Propensity Score (GPS) methods. The GPS identifies the treatment variable as continuous. This approach is original in the literature on regional funds evaluation. Moreover, the dose response results indicate that the loans values affect wages and employment, as well the PSG results suggest that around the limit of R$ 200,000.00 the proportional variation of employment and wages are higher as higher are the loans

Topics: C52, R58, ddc:330, Constitutional Financing Fund, impact evaluation, Generalized Propensity Score
Publisher: Bras\uedlia: Instituto de Pesquisa Econ\uf4mica Aplicada (IPEA)
Year: 2015
OAI identifier: oai:econstor.eu:10419/121598
Provided by: EconStor

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