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Workers’ Party Governments In Brazil And Macroeconomic Performance: An Analysis With Synthetic Control

Author

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  • Cleiton Silva de Jesus

    (Universidade Estadual de Feira de Santana)

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 capitaand, 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.

Suggested Citation

  • Cleiton Silva de Jesus, 2024. "Workers’ Party Governments In Brazil And Macroeconomic Performance: An Analysis With Synthetic Control," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 21(1), pages 211-243, january-j.
    • Handle: RePEc:aft:journl:v:21:1:2024:jan:jun:p:211-243
    DOI: 10.5935/1808-2785/rem.v21n1p.211-243
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    More about this item

    Keywords

    PT; macroeconomic performance; synthetic control; GDP per capita; Brazilian economy.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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