IDEAS home Printed from https://ideas.repec.org/a/afj/journ3/v12y2022i2p1-9.html
   My bibliography  Save this article

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

Author

Listed:
  • Benoit Mougenot
  • Diana Cano-Huacarpuma
  • Liz Ricalde-Peralta

    (Universidad San Ignacio de Loyola, Peru)

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.

Suggested Citation

  • Benoit Mougenot & Diana Cano-Huacarpuma & Liz Ricalde-Peralta, 2022. "Impact of Financial Inclusion on Peru's Economic Growth (2004–2021)," Review of Development Finance Journal, Chartered Institute of Development Finance, vol. 12(2), pages 1-9.
    • Handle: RePEc:afj:journ3:v:12:y:2022:i:2:p:1-9
    as

    Download full text from publisher

    File URL: https://journals.co.za/doi/abs/10.10520/ejc-rdfin_v12_n2_a1
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial inclusion; economic growth; microfinance; credit access;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afj:journ3:v:12:y:2022:i:2:p:1-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk De Doncker (email available below). General contact details of provider: https://edirc.repec.org/data/afrgrza.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.