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Impacto del desarrollo del sistema financiero en el comercio de los países que integran la OCDE

Author

Listed:
  • Ortiz-Zarco, Ruth

    (Universidad Politécnica Metropolitana de Hidalgo)

  • Ortiz-Zarco, Eusebio

    (Universidad Politécnica Metropolitana de Hidalgo)

Abstract

El presente trabajo de investigación analiza el comportamiento y la relación del desarrollo del sistema financiero y el comercio internacional para los países de la OCDE durante los años 1995-2014. Se realiza una revisión bibliográfica, que da paso a un análisis estadístico de la información que permite después especificar el modelo econométrico bajo la metodología de datos de panel. Las variables de análisis son: el comercio de mercancías caracterizando al comercio internacional, el spread bancario, el valor total de las acciones negociadas en bolsa, la capitalización de mercado de las compañías que cotizan en bolsa, las reservas internacionales y el crédito interno provisto por el sector bancario; las últimas cinco como representantes del desarrollo del sistema financiero. Los resultados revelan una relación estrecha y directa entre el desarrollo del sistema financiero y el comercio internacional, lo que demanda políticas del mismo sistema que apoyen el desarrollo de la economía real. / This investigation analyzes the behaviour and the relationship between financial system development and international trade for OECD countries during the years 1995-2014. A literature review, which leads to a statistical analysis of the information that allows then specify the econometric model by panel data methodology. The analysis variables are: trade in goods (characterizing international trade), banking spread, value of stock shares on the stock market, market capitalization of listed companies, international reserves and domestic credit provided by the banking sector; the last five ones are representative of financial system development. The results reveal a close and direct relationship between financial system development and international trade, which requires financial system policies for support the development of the real economy.

Suggested Citation

  • Ortiz-Zarco, Ruth & Ortiz-Zarco, Eusebio, 2016. "Impacto del desarrollo del sistema financiero en el comercio de los países que integran la OCDE," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(44), pages 35-62, primer se.
    • Handle: RePEc:ipn:panora:v:xi:y:2016:i:44:p:35-62
    as

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    References listed on IDEAS

    as
    1. Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-325, August.
    2. Joseph E. Stiglitz, 2010. "Risk and Global Economic Architecture: Why Full Financial Integration May Be Undesirable," American Economic Review, American Economic Association, vol. 100(2), pages 388-392, May.
    3. Francisco Venegas Martínez & Miguel à ngel Tinoco Zermeño & Víctor Hugo Torres Preciado, 2009. "Desregulación financiera, desarrollo del sistema financiero y crecimiento económico en México: efectos de largo plazo y causalidad," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 24(2), pages 249-283.
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    More about this item

    Keywords

    sistema financiero; comercio internacional; datos de panel; OCDE. / financial system; international trade; panel data; OECD.;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • F10 - International Economics - - Trade - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

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