ECONOMIC GROWTH OF MINAS GERAIS, 1980-2000: A QUANTILE REGRESSION APPROACH

Guilherme Mendes Resende, Lízia de Figueirêdo

Resumo


We run quantile regressions to verify if the fast-growing municipalities in Minas Gerais state react differently to the slow-growing ones with respect to the initial level of income and to other explanatory variables between 1980 and 2000. Our results show that higher human capital, higher urbanization rates, better social infra-structure and lower infant mortality rates are related to higher economic growth rates. All results show evidence that the quantile coefficients are not significantly different from the OLS results. These results imply that conditional convergence cannot be denied in the case of municipalities of the Minas Gerais state.

Palavras-chave


Economic growth; Convergence; Quantile regression; Minas Gerais

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RDE – Revista de Desenvolvimento Econômico. ISSN eletrônico 2178-8022 (números publicados a partir de 2010)
ISSN impresso 1516-1684