Os governos do PT e o desempenho macroeconômico do Brasil: uma análise com controle sintético
Abstract
The goal of this paper is to quantitatively evaluate the impact of PT’s governments on the GDP per capita of the Brazilian economy. To do that, we use a synthetic control approach to create a contrafactual of Brazil’s GDP per capita and, after that, we compare the economic growth under PT’s administration against the contrafactual. Once we estimate the standard model using one donor pool of emerging market economies, performed a placebo test and executed some robustness exercises, we did not find strong evidence that the effect of PT's governments on GDP per capita was negative.
Downloads
References
Abadie, A., Gardeazabal, J. (2003). “The Economic Costs of Conflict: A Case Study of the Basque Country”. American Economic Review, 93(1), 112-132.
Abadie, A., Diamond, A., Hainmueller, J. (2010). “Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California's Tobacco Control Program”. Journal of the American Statistical Association, 105(490), 493-505.
__________ (2015). “Comparative Politics and the Synthetic Control Method”. American Journal of Political Science, 59(2), 495-510.
Adhikari, B., Alm, J. (2016), “Evaluating the economic effects of at tax reforms using synthetic
control methods”, Southern Economic Journal, 83(2), 437-463.
Adhikari, B. B., Duval, R., Hu, B., Loungani, P. (2018). “Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method”. Open Economies Review, 29(4), 879-910.
Balassiano, M. (2017). “Desempenho da Economia Brasileira entre 1980 e 2015: Uma Análise da Desaceleração Brasileira Pós-2010”. Dissertação (Mestrado em Economia Empresarial e Finanças) - Escola de Pós-Graduação em Economia, Fundação Getúlio Vargas, Rio de Janeiro.
Barbosa-Filho, N. (2018). “Revisionismo histórico e ideologia: as diferentes fases da política econômica dos governos do PT”, Brazilian Keynesian Review, 4(1), p. 102-115, 1st Semester/2018.
Barro, R. J. (1991). “Economic growth in a cross section of countries”. Quarterly Journal of Economics, 106: 407–44.
_________ (1996). Determinants of Economic Growth. A Cross-Country Empirical Study, Lionel Robbins Lectures (Cambridge, Mass.: MIT Press).
Billmeier, A.; Nannicini, T. (2013). “Assessing Economic Liberalization Episodes: A Synthetic Control Approach”. The Review of Economics and Statistics 95(3): 983-1001.
Borges, B. (2016). “Bad luck or bad policy: uma investigação das causas do fraco crescimento da economia brasileira nos últimos anos”. In.: BONELLI, R..; Veloso, F. (orgs.). A Crise de Crescimento do Brasil, Editora Elsevier.
Carrasco, V; Mello, J. M. P., Duarte, I. (2014). “A Década Perdida: 2003–2012”. Texto para Discussão nº 626. Departamento de Economia da PUC do Rio de Janeiro.
De Bolle, M. (2016). Como matar a borboleta azul: uma crônica da era Dilma. Rio de Janeiro: Intrínseca.
Feenstra, R. C., Inklaar, R., Timmer, M. P. (2015). “The Next Generation of the Penn World Table”, American Economic Review, 105(10), 3150-3182.
Ferman, B., Pinto, C., Possebom, V. (2018). “Cherry Picking with Synthetic Controls”. Munich Personal RePEc Archive, Paper No. 85138.
Grier, K., Maynard, N. (2016). “The Economic Consequences of Hugo Chavez: A Synthetic Control Analysis”. Journal of Economic Behavior and Organization. Vol 125, May, pp. 1-21.
Jales, H., Kang, T. H., Stein, G., Garcia Ribeiro, F. (2018). “Measuring the role of the 1959 revolution on Cuba’s economic performance”. The World Economy, 41(9):2243–2274.
Kaul, A.; Klößner, S.; Pfeifer, G; Schieler, M. (2016). “Synthetic Control Methods: Never Use All Pre-Intervention Outcomes as Economic Predictors”. Working Paper. Saarbrücken, Germany: Saarland University.
Kleis, M.; Moessinger, Marc-Daniel (2016). “The long-run effect of fiscal consolidation on economic growth: evidence from quantitative case studies”. ZEW - Centre for European Economic Research Discussion Paper No. 16-047.
Lee, W. S., (2011). “Comparative case studies of the effects of inflation targeting in emerging economies”. Oxford Economic Papers, Vol. 63, No. 2, pp. 375-397.
Levine, R., Renelt, D. (1992). "A Sensitivity Analysis of Cross-Country Growth Regressions." American Economic Review, 82(4), pp. 942-63.
McClelland, R., Gault, S., (2017). “The Synthetic Control Method as a Tool to Understand State Policy”. Urban-Brookings Tax Policy Center, Washington, DC.
Pessôa, S. (2016). “Comentário ao texto “Bad luck or bad policy: uma investigação das causas do fraco crescimento da economia brasileira nos últimos anos” de Bráulio Borges”. In.: Bonelli, R.; Veloso, F. (orgs.). A Crise de Crescimento do Brasil, Editora Elsevier.
Uhr, D. A. P.; Uhr, J. G. Z.; Ely, R. A. (2017). “A synthetic control approach on Chile's transition to democracy”. Economics Bulletin, Volume 37, Issue 3.
Sala-i-MArtin, X. (1996). “The Classical Approach to Convergence Analysis”. Economic Journal, july.
Sanso-Navarro, M. (2011), “The effects on American Foreign Direct Investment in the United Kingdom from Not Adopting the Euro”, Journal of Common Markets Studies 49(2), 463-483.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Cleiton Silva de Jesus
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The copyright of papers published in the Revista de Economia Mackenzie belongs to the authors, who grant to the Mackenzie Presbyterian University the exclusive rights to publish the content. Total or partial reproduction is prohibited without due authorization of the Editorial Committee, except when it is previously authorized.