Oliveira, Guilherme Resende de Menezes, Rafael Terra Resende, Guilherme Mendes
Year of Publication:
Texto para Discussão No. 2133
The study evaluates the Constitutional Financing Fund for the Center-West (FCO) in the state of Goiás between the years 2004 and 2011, using Rais microdata, and loans from the FCO "Empresarial" Program. The results show a positive and statistically significant impact of the FCO on employment and wage growth at the firm level. We use the Propensity Score Matching (PSM) and the Generalized Propensity Score (GPS) methods. The GPS identifies the treatment variable as continuous. This approach is original in the literature on regional funds evaluation. Moreover, the dose response results indicate that the loans values affect wages and employment, as well the PSG results suggest that around the limit of R$ 200,000.00 the proportional variation of employment and wages are higher as higher are the loans.
Constitutional Financing Fund impact evaluation Generalized Propensity Score