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Desarrollo del sistema financiero y crecimiento económico.Una aproximación a partir del caso boliviano: 2000-2009

Author

Listed:
  • Julio Humeréz Quiroz

    (Banco Central de Bolivia)

  • Ernesto Yáñez Aguilar

    (Banco Central de Bolivia)

Abstract

De acuerdo a la teoría económica y la literatura empírica, el sistema por su rol de intermediación financiera, cumple un importante papel en la promoción del crecimiento económico. Sin embargo, en el caso boliviano la evidencia empírica existente es limitada, por lo cual este trabajo tiene como propósito averiguar mediante la utilización de métodos estadísticos y modelos VAR la relación del desarrollo del sistema financiero con el crecimiento económico. Los resultados encontrados indican que el desarrollo del sistema financiero, aproximado por la razón M3/PIB y tasa de crecimiento del producto del sector financiero, inciden positivamente en la trayectoria temporal del crecimiento económico, aunque dicho efecto se considera modesto. La principal implicación de política es la necesidad de impulsar el desarrollo del sector financiero a fin de aumentar el aporte del sector en el crecimiento económico.

Suggested Citation

  • Julio Humeréz Quiroz & Ernesto Yáñez Aguilar, 2011. "Desarrollo del sistema financiero y crecimiento económico.Una aproximación a partir del caso boliviano: 2000-2009," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 14(1), pages 41-77, June.
  • Handle: RePEc:blv:journl:v:14:y:2011:i:1:p:41-77
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    More about this item

    Keywords

    sistema financiero; crecimiento económico; causalidad; VAR; FIR;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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