Determinantes del crecimiento económico e intermediación bancaria: un análisis empírico para países latinoamericanos

Carton, Christine and Ronquillo, Cely (2008): Determinantes del crecimiento económico e intermediación bancaria: un análisis empírico para países latinoamericanos. Published in: Panorama Socioeconomico , Vol. 37, No. 26 (25 November 2008): pp. 108-119.

Abstract

The aim of this article is to evaluate the contribution of the banking sector to the economic growth of 16 Latin American countries, from 1979 to 2006. The econometric procedure is based on a panel data technique with fixed effects, classifying the countries in two samples according to their income level. Findings tend to corroborate the positive effects of banking expansion on growth rates, according to the predictions of endogenous growth models. However, they also indicate that credit activity could have a negative impact on growth while credits are directed essentially to consumers and the public sector, at the expense of the productive sector.

• Item Type: MPRA Paper
• English Title: Determinants of economic growth and bank intermediation: empirical analysis for Latin American countries
• Language: Spanish
• Keywords: Crecimiento económico;América Latina;Sistema bancario;Datos en panel
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O54 - Latin America ; Caribbean; C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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