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Desarrollo financiero y capital social: un estudio empírico de la Caja popular Mixtlán


  • Sonia B. Di Giannatale

    () (Division of Economics, CIDE)

  • Alexander Elbittar

    () (Division of Economics, CIDE)

  • María José Roa García
  • Patricia López


The general purpose of the present document is to analyze the role of several social networks into financial development. In concrete, we have the hypothesis that in locations where closed social networks with family and friends prevail, financial transactions of saving and credit are not only determined by market variables but also by some kind of variables like trust level and people association. In order to achieve our purpose we developed an empirical survey methodology that allows us to analyze the exposed ideas in a practical case of the Mixtlan credit union. The results show that in the concrete case of our study it can be inferred that the people and trust knowledge levels are important in financial decisions. It can also be deduced that the kind of social network that prevails in this decisions is a very close network like family, friends or neighbors. It is also obtained from the results that the Mixtlan credit union has a fundamental role in the process of social networks creation and the members of the union are characterized by a reduced financial sophistication.

Suggested Citation

  • Sonia B. Di Giannatale & Alexander Elbittar & María José Roa García & Patricia López, 2009. "Desarrollo financiero y capital social: un estudio empírico de la Caja popular Mixtlán," Working papers DTE 458, CIDE, División de Economía.
  • Handle: RePEc:emc:wpaper:dte458

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    References listed on IDEAS

    1. Richard H. Day, 1983. "The Emergence of Chaos from Classical Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 98(2), pages 201-213.
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    4. Goodwin, Richard, 1978. " Wicksell and the Malthusian Catastrophe," Scandinavian Journal of Economics, Wiley Blackwell, vol. 80(2), pages 190-198.
    5. Ramírez, José Carlos & Morelos, José B., 2002. "El concepto de población en los modelos de crecimiento económico," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(274), pages 145-190, abril-jun.
    6. John M. Hartwick, 1988. "Robert Wallace and Malthus and the ratios," History of Political Economy, Duke University Press, vol. 20(3), pages 357-379, Fall.
    7. David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.
    8. Samuelson, Paul A, 1978. "The Canonical Classical Model of Political Economy," Journal of Economic Literature, American Economic Association, vol. 16(4), pages 1415-1434, December.
    9. George J. Stigler, 1952. "The Ricardian Theory of Value and Distribution," Journal of Political Economy, University of Chicago Press, vol. 60, pages 187-187.
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    More about this item


    social networks; financial development; survey methodology; Mixtlan;

    JEL classification:

    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis


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