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

Determinants of economic growth and bank intermediation: empirical analysis for Latin American countries

Christine Carton and Cely Ronquillo

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Crecimiento económico; América Latina; Sistema bancario; Datos en panel (search for similar items in EconPapers)
JEL-codes: C33 G21 O47 O54 (search for similar items in EconPapers)
Date: 2008-09-23, Revised 2008-11-25
New Economics Papers: this item is included in nep-ban
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Published in Panorama Socioeconomico 26.37(2008): pp. 108-119

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