INFLUENCIA DEL MERCADO DE VALORES Y PROFUNDIZACIÓN FINANCIERA EN EL CRECIMIENTO ECONÓMICO DE ECUADOR; EN EL PERIODO 2003-2019

Financial and securities markets have often been considered as mechanisms for economic development. As more organizations turn to the financial and capital markets to finance their productive projects, the economic growth of a country will be reflected by the development of its financial system and through the economic dynamization that is generated from this activity. Thus, the objective of this research is to diagnose the impact that financial deepening and the stock market have on the economic growth of Ecuador during the period 2003-2019. In effect, by estimating an Error Correction (VEC) model, evidence of cointegration is found between financial deepening, the stock market and real GDP, making it possible to deduce a significant short- and long-term relationship between the variables analysis. The results found in this research determine that the financial system is statistically significant and influential for the economic growth of the country of analysis. These systems have been established as one of the main sources of financing for difficult economic confrontations or lack of resources, which is why the creation of policies that promote trust, security and the equitable progress of the financial system is recommended, so that the organizations supervisors supervise the proper management of the different credit lines, verifying the channeling of resources to the productive sector.

• Autor principal: Vaca Valdiviezo, David Santiago (author)
• Format: bachelorThesis
• Idioma: spa
• Publicat: 2020
• Matèries: ECONOMIA; CRECIMIENTO ECONÓMICO; MERCADO DE CAPITALES; SISTEMA FINANCIERO
• Accés en línia: https://dspace.unl.edu.ec/jspui/handle/123456789/23706