EFECTO DEL DESARROLLO FINANCIERO EN EL CRECIMIENTO ECONÓMICO, UN ANÁLISIS ECONOMÉTRICO CON DATOS PANEL A NIVEL MUNDIAL, PERIODO 2008-2018

After the financial crisis of 2008, the world economy has been involved in a deep recession which has not presented notable improvements in the short and medium term. On the other hand, the financial system is explained by a credit supply conditioned by the weight of a disrupted and weak economic system. For the case study, the objective was to evaluate the effect of financial development on economic growth by groups of countries, in the period 2008 to 2018, through a panel data study, the sample used includes 100 countries whose data were obtained of the World Bank's World Development Indicators database, and the Heritage Foundation's economic freedom database for the period 2008-2018. Through the use of the GMM method in two stages, it was possible to conclude that at the global level the credit granted to the public sector explains in a statistically significant, but very weak way, economic growth, and the credit to the private sector does not have significant results in most of the countries. the groups; on the contrary, investment in fixed capital has greater weight in the explanation of economic growth. Based on these results, it was possible to identify the main recommendations: reduce informational asymmetries in banking institutions, create credit diversification mechanisms, adoption of inflationary targets managed by the central bank, and channeling of capital in the construction of productive infrastructure.

• Päätekijä: Becerra Hurtado, Juan Pablo (author)
• Aineistotyyppi: bachelorThesis
• Kieli: spa
• Julkaistu: 2021
• Aiheet: ECONOMIA; CRECIMIENTO ECONÒMICO; MERCADO FINANCIERO; POLÌTICAS PÚBLICAS
• Linkit: https://dspace.unl.edu.ec/jspui/handle/123456789/23744