Pix no Brasil: uma análise sobre os efeitos econômicos

Abstract

The main objective of the work is to investigate the effects of Pix on the Brazilian economy and, in particular, on economic growth, in the period between the years 2020- 2023. In addition, other factors related to economic growth are also considered, such as human capital and variables related to PIX, such as the amount moved and the number of instant transactions. Pix was used in the research as a proxy for financial innovation, that is, it allowed integration between several financial and payment institutions to enable the rapid transfer of resources. The database consists of the use of information from the Central Bank of Brazil (BCB), the Brazilian Institute of Geography and Statistics (IBGE) and the Institute of Economic and Applied Research (IPEA). The methodology applied addresses the ARDL (Autoregressive Distributed Lag) time series model, which investigates financial innovation in recent periods, as it is able to analyze short and long-term relationships between economic growth and the other parameters studied. The results revealed that there was a positive impact of Pix on economic growth, even with the crisis caused by the Covid-19 pandemic. Some effects are also important, such as human capital and the reduction in paper currency transactions by the public, due to the digitalization of instant payments.