Impact of Financial Inclusion on Peru's Economic Growth (2004–2021)

Benoît Mougenot, Diana Cano-Huacarpuma and Liz Ricalde-Peralta ()
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Liz Ricalde-Peralta: Universidad San Ignacio de Loyola, Peru

Review of Development Finance Journal, 2022, vol. 12, issue 2, 1-9

Abstract: This paper investigates the incidence, relationship, and behavior of the proxy variables of financial inclusion on Peru’s economic growth in the period 2004–2021, for which the methodology of a vector autoregressive model (VAR) and error correction vectors (VEC) was applied. The results show that the variable with the highest incidence is the number of debtors, savings deposits in local currency, loans to small businesses and consumer credit, which present a short-, medium-, and long-term relationship, and explain the variation of the gross domestic product in a significant proportion during the period 2004–2021.

Keywords: Financial inclusion; economic growth; microfinance; credit access (search for similar items in EconPapers)
JEL-codes: G2 O16 O4 R51 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journ3:v:12:y:2022:i:2:p:1-9

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