Munich Personal RePEc Archive

Profundización financiera estadal en Venezuela: Enfoque alternativo usando la encuesta de hogares de propósitos múltiples

Maldonado, Leonardo (2010): Profundización financiera estadal en Venezuela: Enfoque alternativo usando la encuesta de hogares de propósitos múltiples. Published in: Revista Venezolana de Análisis de Coyuntura , Vol. 16, No. 2 (December 2010): pp. 59-93.

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Abstract

The paper is based on the multiple purpose household survey to estimate a variable of average population income that expands, to local terms (at state level), the descriptive analysis of the financial deepening between 1980-2006. The Credit / GDP ratio was used on the assumption that the positive evolution of the state gross product bring higher levels of average income per capita. Those states with high/low degree of financing and whose collection of loanable funds allows a significant increase in national leverage are identified. Both Miranda and Capital District resulted with higher financing gaps with respect to the rest of the country. The results of the performance of the relative deepening and the Credit-GDP elasticity are presented as a causal measure of the leverage and monetary support of the regional agents.

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