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¿Mejora la apertura financiera la asignación de la inversión? Elementos de juicio a nivel micro de países en desarrollo

Author

Listed:
  • Arturo Galindo
  • Fabio Schiantarelli
  • Andrew Weiss

Abstract

(Disponible en idioma inglés únicamente) ¿Ha mejorado la apertura financiera la eficiencia con la que se distribuyen los fondos de inversión a los usuarios que compiten por ellos? En este trabajo estudiamos esta cuestión empleando datos de panel al nivel de empresa correspondientes a 12 países en desarrollo. Desarrollamos un índice resumido de la eficiencia en la asignación de inversiones que cuantifica si los fondos de inversión llegan hasta las empresas que exhiben un rendimiento marginal del capital mayor, y hasta qué punto. Luego analizamos la relación entre este índice y varias mediciones de apertura financiera. Los resultados sugieren que, en la mayoría de los casos, la reforma financiera ha conducido a un aumento de la eficiencia con la que se asignan los fondos de inversión.

Suggested Citation

  • Arturo Galindo & Fabio Schiantarelli & Andrew Weiss, 2002. "¿Mejora la apertura financiera la asignación de la inversión? Elementos de juicio a nivel micro de países en desarrollo," Research Department Publications 4296, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4296
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    References listed on IDEAS

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