Propensão ao uso do Crédito no Brasil (2012-2023): Aspectos empíricos da escolha intertemporal

Raquel Gomes; Hilder André Bezerra Farias

doi:10.18593/race.32948

Authors

Raquel Gomes UNIVERSIDADE FEDERAL DO PARÁ https://orcid.org/0000-0003-0176-9850
Hilder André Bezerra Farias Universidade Federal do Pará

DOI:

https://doi.org/10.18593/race.32948

Keywords:

Credit, Intertemporal Choice, Debt, Time Series

Abstract

The present article focuses on the use of credit by Brazilian households. Its objective was to identify the efects of theoretical factors from the intertemporal choice model related to credit usage in Brazil. The theoretical model addressed was the intertemporal choice model from a microeconomic perspective, along with its implications in the Permanent Income Hypothesis and the Life Cycle Hypothesis. The study utilizes data from the Time Series Manager System of the Central Bank of Brazil, encompassing income, expectations, savings, interest rates, inflation, indebtedness, and default, employing VAR-VEC econometric modeling. The main results indicate that savings formation aligns with the analyzed theoretical model, while indebtedness exhibited expected behavior concerning expectations, inflation, and default, a variable added based on the literature review.

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Author Biographies

Raquel Gomes, UNIVERSIDADE FEDERAL DO PARÁ

Doctoret student in the Graduate Program in Economics (PPGE) at the Federal University of Pará (UFPA). Holds a master's degree in Economics.

Hilder André Bezerra Farias, Universidade Federal do Pará

Professor at the Federal University of Pará, works in the Faculty of Economics (FACECON), the Graduate Program in Economics (PPGE) and the Graduate Program in Applied Economics (PPGEA) of the institution. Has a master's and doctoral degree in Economics with expertise in the areas of quantitative methods and computational economics.

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