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Crecimiento económico, banca y desarrollo financiero: evidencia internacional

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  • Antonio Ruíz Porras

    (Universidad de Guadalajara, CUCEA)

  • Guillermo Rosales Jaramillo

    (Universidad de Guadalajara, CUCEA)

Abstract

We study the relationships among economic growth, banking and financial development using dynamic panel-data techniques. The main findings confirm that financial development is positively correlated with growth. They also suggest that banks have indirect and differentiated effects on growth through financial development. Banking concentration and income-cost ratios are positively correlated with financial development; interest net margins are negatively correlated. Furthermore, we quantify the growth imputable to changes in financial intermediation for Argentina, Colombia, Mexico and Peru. We use comparable indicators for 78 economies between 1986 and 2009.

Suggested Citation

  • Antonio Ruíz Porras & Guillermo Rosales Jaramillo, 2014. "Crecimiento económico, banca y desarrollo financiero: evidencia internacional," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 29(2), pages 263-300.
    • Handle: RePEc:emx:esteco:v:29:y:2014:i:2:p:263-300
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    More about this item

    Keywords

    economic growth; banking; financial development; dynamic panels;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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