Desarrollo financiero y crecimiento económico en América del Norte

dc.creatorAnguiano-Pita, Javier Emmanuel
dc.creatorRuiz-Porras, Antonio
dc.date.accessioned2021-03-02T19:40:23Z
dc.date.available2021-03-02T19:40:23Z
dc.date.created2021-03-02T19:40:23Z
dc.date.issued2020-01
dc.identifierAnguiano-Pita, J. E., & Ruiz-Porras, A. (2020). Desarrollo financiero y crecimiento económico en América del Norte. Revista de Finanzas y Política Económica, 12(1), 167-201.
dc.identifier2248-6046
dc.identifierhttps://hdl.handle.net/10983/25619
dc.description.abstractEn este artículo se estudia la relación entre el desarrollo financiero y el crecimiento económico en la regiónde América del Norte. Para este propósito, se usa el modelo generalizado de factores dinámicos comunes propuesto por Forni et al. (2005) y datos anuales de Estados Unidos, Canadá y México para el periodo 1980-2017. Los hallazgos sugieren que existen factores comunes entre los mercados financieros y las economías de la región, a pesar de sus asimetrías en tamaño, que las tasas de crecimiento económico son sensiblesa los componentes comunes y que la relación de causalidad entre el desarrollo financiero y el crecimiento económico depende de los indicadores financieros considerados. Los hallazgos pueden ser útiles para analizar el proceso de integración en América del Norte y para proponer políticas regionales.
dc.description.abstractAbstract: This study examines the relationship between financial development and economic growth in the North American region. For this purpose, it uses the generalized dynamic factor model proposed by Forni et al. (2005) and annual data from the United States, Canada, and Mexico for the period 1980-2017. The findings suggest that: i) there are common factors among the financial markets and economies of the region despite their asymmetries in size; ii) economic growth rates are sensitive to common components; iii) the causal relationship between financial development and economic growth depends on the financial indicators considered. The findings can be useful to analyze the integration process in North America and to propose regional policies.
dc.languagespa
dc.publisherUniversidad Católica de Colombia. Facultad de Ciencias Económicas y Administrativas
dc.publisherBogotá
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dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightsAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)
dc.rightsCopyright, Universidad Católica de Colombia, 2020
dc.titleDesarrollo financiero y crecimiento económico en América del Norte
dc.typeArtículo de revista


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