Revisiting the elasticity of free credit concession to individuals in household consumption: empirical evidence from 2011 to 2023

Authors

DOI:

10.46551/epp2024v12n0205

Keywords:

Individual Credit, Household Consumption, Elasticity.

Abstract

The aim of this study is to estimate the long-term elasticity of granting free credit to individuals in family consumption. Using quarterly data for the period between the second quarter of 2011 and the second quarter of 2023 in relation to the variables granting credit to individuals, household consumption and real wages, the results obtained from the estimation of a dynamic econometric model indicate that this elasticity is 0.2778, so that a 1% increase in the granting of free credit to individuals results in an increase of 0.28 % of household consumption, approximately.  

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Author Biographies

Sérgio Ricardo de Brito Gadelha, Instituto Brasileiro de Ensino, Desenvolvimento e Pesquisa (IDP)

PhD in Economics from the Catholic University of Brasília. Federal Auditor of Finance and Control at the National Treasury Secretariat. He conducts research on: (i) Positive Political Economics models, which are foundational tools for economic analysis of political processes, examining how the interaction between voters, interest groups, electoral incentives, and institutional frameworks endogenously affects economic activity and policy implementation; (ii) Applied Macroeconomics, with a focus on economic growth, real business cycles, and Dynamic Stochastic General Equilibrium (DSGE) models; (iii) Computable General Equilibrium (CGE) models, including input-output and social accounting matrix approaches, to support policy formulation and evaluation. Currently, he works as General Coordinator of Economic and Fiscal Modeling and Projections in the Fiscal Policy Subsecretariat of the Secretariat of Economic Policy (Ministry of Economy). He teaches courses in macroeconomics, microeconomics, statistics, econometrics, Brazilian economy, public sector economics, mathematics, as well as scientific methodology and research techniques. His expertise lies in Economics, with an emphasis on Mathematical, Econometric, and Statistical Methods and Models. In Public Sector Economics, his interests include fiscal federalism and decentralization, structural and microeconomic reforms, fiscal consolidation, as well as fiscal rules and medium- to long-term fiscal planning. In Mathematics and Statistics, he is interested in research on Probability, Statistical Inference, and Bayesian Statistics. He has received several awards, including first place in the XVIII National Treasury Award (2013) for Public Sector Economics, third place in the VIII SOF Monograph Award (2015) for Expenditure Quality, second place in the XXIV National Treasury Award (2019) for Fiscal Policy and Growth, first place in the XI SOF Monograph Award (2021/2022) for Innovation and Public Budgeting, and first place in the XII SOF Monograph Award (2023/2021) for the theme "Medium-Term Expenditure Framework (MTEF) and Budget Laws: PPA, LDO, and LOA." An active participant in academic debates and policy formulation, he has published books, book chapters, and scientific articles. Personal page: sergiorbgadelha.com.br/

http://lattes.cnpq.br/2146234312605522

Iago Guimarães Lopes, Instituto Brasileiro de Ensino, Desenvolvimento e Pesquisa (IDP)

Bachelor's degree in Accounting from the University Center of Brasília (2020), Bachelor's degree in Financial Management from the University Center of Brasília (2019), and Master's degree in Economics from the Brazilian Institute of Education, Development, and Research (2023). Currently, she is an employee at Grupo Ok Construções e Incorporações.

http://lattes.cnpq.br/8972531047199265

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Revista Economia e Políticas Públicas-REPP

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Published

2024-11-07

How to Cite

Gadelha, S. R. de B., & Lopes, I. G. (2024). Revisiting the elasticity of free credit concession to individuals in household consumption: empirical evidence from 2011 to 2023. Journal of Economics and Public Policies, 12(2), 87–108. https://doi.org/10.46551/epp2024v12n0205

Issue

Vol. 12 No. 2 (2024): Journal of Economics and Public Policy

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Artigos

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