Ehrl, Philipp; Pereira, Greisson Almeida; Zanchi, … - 2020
This paper distinguishes how the source of lending affects gross domestic product (GDP) per capita in Brazilian … municipalities between 2007 and 2016. A unique data set allows us to discriminate between the effects of lending operated by either … private or public commercial banks, and loans provided by the National Bank for Economic and Social Development (BNDES) either …