Avaliação dos impactos econômicos do fundo constitucional de financiamento do nordeste entre 2004 e 2010

This paper aims to evaluate the economic impacts of the Northeast Regional Fund (FNE). This study combines evaluations using different spatial scales that provide robust results of impact of the FNE loans on the GDP per capita growth between 2004 and 2010. The resu lts of fixed effect models show a positive and statistically significant impact of the 'FNE-total' on the GDP per capita growth at the municipal-level and at the micro-regional-level. Moreover, the most reliable results suggest that the positive effects of 'FNE-total' are largely influenced by the performance and the positive impact of FNE loans to the agricultural sector.