IDEAS home Printed from https://ideas.repec.org/a/imx/journl/v20y2025i1a9.html
   My bibliography  Save this article

Impacto de la inclusión financiera en la economía local. El programa de agricultura financiera en México

Author

Listed:
  • Jorge Lara Álvarez

    (Fideicomisos Instituidos en Relación con la Agricultura, México)

Abstract

Este documento proporciona evidencia empírica del impacto en el valor de la producción agropecuaria de un esquema público de garantía para promover el financiamiento privado para los agricultores familiares: el Programa de Financiamiento a la Agricultura Familiar (Proaf). Se destaca la importancia de encontrar el canal ideal (las Sociedades Cooperativas de Ahorro y Préstamo, SOCAP) para proporcionar financiamiento a la población desatendida. Para medir el impacto, se aprovecha la incorporación escalonada de los municipios al programa dada la presencia regional de las SOCAP. Estudiamos el período 2012-2020 y la implementación del programa que sucede gradualmente entre 2015 y 2020. Combinamos una serie de conjuntos de datos administrativos sobre la presencia de las cajas de ahorro en cada municipio y el valor de la producción agropecuaria para emplear métodos de estudio de eventos y diferencia en diferencias. Nuestro principal resultado señala que el Proaf tiene un impacto positivo en el valor de la producción agrícola en casi 20 por ciento y en el valor de la producción pecuaria en casi 6 por ciento. Estos resultados apuntan a la importancia económica del acceso al financiamiento de los pequeños productores, en especial de las mujeres.

Suggested Citation

  • Jorge Lara Álvarez, 2025. "Impacto de la inclusión financiera en la economía local. El programa de agricultura financiera en México," 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. 20(1), pages 1-18, Enero - M.
    • Handle: RePEc:imx:journl:v:20:y:2025:i:1:a:9
    as

    Download full text from publisher

    File URL: https://www.remef.org.mx/index.php/remef/article/view/1160
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2004. "How Much Should We Trust Differences-In-Differences Estimates?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 249-275.
    2. Cotler, Pablo, 2017. "Financial inclusion in Latin America," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 43169.
    3. Alberto Abadie, 2005. "Semiparametric Difference-in-Differences Estimators," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 72(1), pages 1-19.
    4. Cotler, Pablo, 2017. "La inclusión financiera en América Latina," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 42123.
    5. Jith Jayaratne & Philip E. Strahan, 1996. "The Finance-Growth Nexus: Evidence from Bank Branch Deregulation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 639-670.
    6. Singh, Vinay Kumar & Ghosh, Sajal, 2021. "Financial inclusion and economic growth in India amid demonetization: A case study based on panel cointegration and causality," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 674-693.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chronopoulos, Dimitris K. & Johari, Edie Erman Che & Scholtens, Bert & Sobiech, Anna L. & Wilson, John O.S. & Yilmaz, Muhammed H., 2023. "Competition and bank dividends," Journal of International Money and Finance, Elsevier, vol. 137(C).
    2. Iacovone, Leonardo & Ferro, Esteban & Pereira-López, Mariana & Zavacka, Veronika, 2019. "Banking crises and exports: Lessons from the past," Journal of Development Economics, Elsevier, vol. 138(C), pages 192-204.
    3. Picarelli, Nathalie, 2016. "Who really benefits from export processing zones? Evidence from Nicaraguan municipalities," Labour Economics, Elsevier, vol. 41(C), pages 318-332.
    4. Dröes, Martijn I. & Koster, Hans R.A., 2016. "Renewable energy and negative externalities: The effect of wind turbines on house prices," Journal of Urban Economics, Elsevier, vol. 96(C), pages 121-141.
    5. Torsten Persson & Guido Tabellini, 2007. "The growth effect of democracy: Is it heterogenous and how can it be estimated?," Working Papers 322, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    6. Joel Peress & jim goldman, 2016. "Firm Innovation and Financial Analysis: How Do They Interact?," 2016 Meeting Papers 531, Society for Economic Dynamics.
    7. Gianni La Cava, 2016. "Housing prices, mortgage interest rates and the rising share of capital income in the United States," BIS Working Papers 572, Bank for International Settlements.
    8. Cristiano Antonelli, 2017. "The Engines of the Creative Response: Reactivity and Knowledge Governance," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 47(2), pages 9-30, Julio-Dic.
    9. José M. Alonso & Rhys Andrews, 2025. "Does not‐for‐profit corporatization of local public services improve performance?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 44(2), pages 612-631, March.
    10. Manuela M. Dantas & Kenneth J. Merkley & Felipe B. G. Silva, 2023. "Government Guarantees and Banks' Income Smoothing," Papers 2303.03661, arXiv.org.
    11. Rempoutsika, Lemonia M. & Chronopoulos, Dimitris K. & Nguyen, Linh & Wilson, John O.S., 2024. "Deposit insurance and credit union earnings opacity," The British Accounting Review, Elsevier, vol. 56(6).
    12. Singh, Vinay Kumar & Ghosh, Sajal, 2021. "Financial inclusion and economic growth in India amid demonetization: A case study based on panel cointegration and causality," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 674-693.
    13. Garcia-Blandon, Josep & Josep Maria, Argilés-Bosch & Diego, Ravenda, 2024. "Female directors and the firm's cost of debt: Evidence from a quasi-natural experiment," European Management Journal, Elsevier, vol. 42(2), pages 224-232.
    14. Chad D. Meyerhoefer & Muzhe Yang, 2011. "The Relationship between Food Assistance and Health: A Review of the Literature and Empirical Strategies for Identifying Program Effects," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 33(3), pages 304-344.
    15. Mathias Hoffmann & Toshihiro Okubo, 2012. "By a Silken Thread: regional banking integration and pathways to financial development in Japan's Great Recession," Keio/Kyoto Joint Global COE Discussion Paper Series 2012-021, Keio/Kyoto Joint Global COE Program.
    16. Masserini, Lucio & Bini, Matilde & Lorenzoni, Valentina, 2024. "The effect of pricing policies on students’ use of university canteens," Socio-Economic Planning Sciences, Elsevier, vol. 94(C).
    17. Moretti, Laura, 2014. "Inflation targeting and product market deregulation," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 372-386.
    18. Dröes, Martijn I. & Koster, Hans R.A., 2021. "Wind turbines, solar farms, and house prices," Energy Policy, Elsevier, vol. 155(C).
    19. Martijn I Dröes & Hans R A Koster, 2023. "A world divided: refugee centers, house prices and household preferences," Journal of Economic Geography, Oxford University Press, vol. 23(1), pages 51-90.
    20. Picarelli, Nathalie, 2016. "Who really benefits from export processing zones? Evidence from Nicaraguan municipalities," LSE Research Online Documents on Economics 66652, London School of Economics and Political Science, LSE Library.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • J43 - Labor and Demographic Economics - - Particular Labor Markets - - - Agricultural Labor Markets

    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:imx:journl:v:20:y:2025:i:1:a: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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Ricardo Mendoza (email available below). General contact details of provider: https://www.remef.org.mx/index.php/remef/index .

    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.