Investment and the banking system: a Kaleckian approach for regions in Brazil
研究了巴西银行体系的区域分布对投资率的影响，发现银行体系的区域集中和中心-外围结构显著影响企业投资决策。
This paper analyzes the effects of the regional distribution of the banking system on investment rates in Brazil. The investigation relies on a perspective whereby the role of external funds in inducing firms’ investment is determined by the disparate regional distribution of the banking system. Empirical results from a panel-data multilevel model indicate that the regional concentration and centralization of the banking system are relevant for firms’ investment choices. More importantly, the fitness of the multilevel model indicates the need to consider that investment rates vary according to a regional hierarchical banking structure (centre versus periphery).