Inacio Jr., EdmundoRibeiro, Cassio GarciaBaltar, Carolina TroncosoLi, Yanchao2025-03-102025-03-102024-09Inacio Jr., Edmundo … [et al.] .(2024). “The impact of Petrobras spending on economic cycles”. Portuguese Economic Journal, Vol 23, (3): 487-4881617-982X (print)http://hdl.handle.net/10400.5/99120In the abstract, the below statement: The results suggest that the multiplier impacts during recessions (0.10 BRL) are bigger than those during economic expansion periods (0.05 BRL). The accumulated multiplier of Petrobras’s investment expenditures (0.43 BRL) is higher compared to current spending, especially in periods of recession (0.37 BRL). Moreover, the forecast error variance decomposition showed the impact the changes in the Petrobras government spending had on the Brazilian GDP growth in periods of expansion and contraction. should have been: The results suggest that multiplier impacts during recessions are bigger than those during economic expansions. The accumulated multiplier of Petrobras’s investment expenditures is higher compared to current spending, especially in periods of recession. Moreover, the forecast error variance decomposition showed the impact that changes in government spending in Petrobras had on the Brazilian GDP growth in periods of expansion and contraction.engPetrobrasMultipliersNon-linear modelTime seriesMS-VARjournal articledoi.org/10.1007/s10258-023-00241-6.1617-9838 (electronic)