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Determinantes del crecimiento económico e intermediación bancaria: un análisis empírico para países latinoamericanos
[Determinants of economic growth and bank intermediation: empirical analysis for Latin American countries]

  • Carton, Christine
  • Ronquillo, Cely

The aim of this article is to evaluate the contribution of the banking sector to the economic growth of 16 Latin American countries, from 1979 to 2006. The econometric procedure is based on a panel data technique with fixed effects, classifying the countries in two samples according to their income level. Findings tend to corroborate the positive effects of banking expansion on growth rates, according to the predictions of endogenous growth models. However, they also indicate that credit activity could have a negative impact on growth while credits are directed essentially to consumers and the public sector, at the expense of the productive sector.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15514.

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Date of creation: 23 Sep 2008
Date of revision: 25 Nov 2008
Publication status: Published in Panorama Socioeconomico 26.37(2008): pp. 108-119
Handle: RePEc:pra:mprapa:15514
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