El sistema financiero y su efecto en la dinámica del sector privado

Rivas Aceves Salvador () and Martínez Pérez Juan Froilán ()
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Rivas Aceves Salvador: Universidad Autónoma Metropolitana
Martínez Pérez Juan Froilán: Universidad Autónoma Metropolitana

Contaduría y Administración, 2013, vol. 58, issue 4, 175-199

Abstract: In the framework of a closed economy, identical agents, constant returns to scale and introducing a financial market, through a model of endogenous growth the macroeconomic equilibrium is characterized and it is shown that capital distribution is perfect with the existence of an efficient financial market. Nevertheless, the capital distribution is ineffective when the financial market is not efficient, which generates distortions that increase the cost of capital and hence rate of growth decreases. At the same time, a welfare analysis is carried out to verify the impact due to both types of financial markets, an efficient one and an inefficient one.

Keywords: sistema financiero eficiente; mercado financiero; crecimiento económico (search for similar items in EconPapers)
JEL-codes: E44 G14 O40 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:58:y:2013:i:4:p:175-199

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