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Efectos del desarrollo financiero sobre el crecimiento económico de Colombia y Chile, 1982-2014

Author

Listed:
  • Armando Lenin Támara Ayús
  • Lina María Eusse Ossa
  • Andrés Castellón Pérez

Abstract

Este artículo analiza la validez y relevancia de las variables propuestas por King y Levine (1993) en el caso específico de Colombia y Chile; para ello, utiliza un modelo de datos de panel como una estrategia para encontrar posibles efectos significativos de las variables financieras sobre el crecimiento en ambos países, no solo considerando su comportamiento en el tiempo, sino también la existencia de heterogeneidades entre ambos. Los resultados muestran de manera parcial cómo algunas de sus variables tienen efectos distinguibles en el desempeno y crecimiento de la economía.******This article analyzes the validity and relevance of the variables proposed by King and Levine (1993) in the specific case of Colombia and Chile; for this effect, it uses a panel data model as a strategy to find possible significant impacts of the financial variables on growth in both countries, not only considering their behavior over time, but also the existence of heterogeneities among them. The results partially show how some of the variables have distinguishable impacts on economic performance and growth.******Este artigo analisa a validade e a relevancia das variáveis propostas por King y Levine (1993) no caso específico da Colombia e do Chile; para isso, utiliza um modelo de dados em painel como estratégia para encontrar possíveis efeitos significativos das variáveis financeiras sobre o crescimento em ambos os países, nao somente considerando seu comportamento no tempo, mas também a existencia de heterogeneidades entre eles. Os resultados mostram, de maneira parcial, como algumas de suas variáveis tem efeitos distinguíveis no desempenho e no crescimento da economia.

Suggested Citation

  • Armando Lenin Támara Ayús & Lina María Eusse Ossa & Andrés Castellón Pérez, 2017. "Efectos del desarrollo financiero sobre el crecimiento económico de Colombia y Chile, 1982-2014," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 9(1), pages 57-67, February.
    • Handle: RePEc:col:000443:015437
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    References listed on IDEAS

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    4. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    5. Concha, Ángela & Taborda, Rodrigo, 2014. "Insurance use and economic growth in Latin America. Some panel data evidence," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 81, pages 31-55, February.
    6. Stijn Claessens, 2010. "The Financial Crisis," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 4(2), pages 177-196, May.
    7. Castro, Fernanda & Kalatzis, Aquiles E.G. & Martins-Filho, Carlos, 2015. "Financing in an emerging economy: Does financial development or financial structure matter?," Emerging Markets Review, Elsevier, vol. 23(C), pages 96-123.
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    Cited by:

    1. David Salvador Cisneros Zepeda, 2022. "Los efectos del crédito bancario otorgado a la industria y al consumo en el crecimiento económico: evidencia de México, 1994-2017," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(2), pages 1-25, Abril - J.

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    More about this item

    Keywords

    desarrollo financiero; crecimiento económico; panel de datos; transformación de Prais-Winten.;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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