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Profundización financiera estadal en Venezuela: Enfoque alternativo usando la encuesta de hogares de propósitos múltiples
[Financial deepening at state level in Venezuela: Alternative approach using the household survey of multiple purposes]

Author

Listed:
  • Maldonado, Leonardo

Abstract

The paper is based on the multiple purpose household survey to estimate a variable of average population income that expands, to local terms (at state level), the descriptive analysis of the financial deepening between 1980-2006. The Credit / GDP ratio was used on the assumption that the positive evolution of the state gross product bring higher levels of average income per capita. Those states with high/low degree of financing and whose collection of loanable funds allows a significant increase in national leverage are identified. Both Miranda and Capital District resulted with higher financing gaps with respect to the rest of the country. The results of the performance of the relative deepening and the Credit-GDP elasticity are presented as a causal measure of the leverage and monetary support of the regional agents.

Suggested Citation

  • Maldonado, Leonardo, 2010. "Profundización financiera estadal en Venezuela: Enfoque alternativo usando la encuesta de hogares de propósitos múltiples [Financial deepening at state level in Venezuela: Alternative approach usin," MPRA Paper 89921, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:89921
    as

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    File URL: https://mpra.ub.uni-muenchen.de/89921/1/MPRA_paper_89921.pdf
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    References listed on IDEAS

    as
    1. Robert G. King & Ross Levine, 1993. "Finance and Growth: Schumpeter Might Be Right," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 717-737.
    2. Peter L. Rousseau & Paul Wachtel, 2005. "Economic Growth and Financial Depth: Is the Relationship Extinct Already?," Working Papers 05-15, New York University, Leonard N. Stern School of Business, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Profundización financiera; crédito estadal; encuesta de hogares; apalancamiento regional; profundidad local; dinámica financiera; Venezuela; Financial deepening; credit; household survey; regional financial leverage; local deepening;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G00 - Financial Economics - - General - - - General

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