CREDIAMIGO'S SOCIOECONOMIC IMPACTS: NEW PERSPECTIVES FROM THE DOSE-RESPONSE FUNCTION

Abstract

The study evaluates Crediamigo (BNB) for the municipalities served by the program, between 2000 and 2021, through microdata. The methodology used is the estimation of the Dose-Response Function (DRF), which considers the treatment variable as a continuous variable and, therefore, analyzes its heterogeneous effects. The results showed statistically significant coefficients, both in the relationship between treatment intensity and response variables, as well as in the effect of the binary variable related to the treatment on the same response variables. Furthermore, the dose effect suggests an increase in operating income as the number of Crediamigo renewals increases, as well as in the payment capacity, and which, in addition to showing an increasing pattern, show an acceleration point from the 35th renewal (70% of dosage), in which there would be an average increase of R$ 438.65 on the beneficiaries' ability to pay and R$ 695.61 on the operating profit of your enterprise. Furthermore, the increase in renewals has a negative impact on nonoperating revenues, which suggests that customers are increasingly less dependent on this variable.