IDEAS home Printed from https://ideas.repec.org/a/nax/conyad/v58y2013i4p175-199.html
   My bibliography  Save this article

El sistema financiero y su efecto en la dinámica del sector privado

Author

Listed:
  • Rivas Aceves Salvador

    (Universidad Autónoma Metropolitana)

  • Martínez Pérez Juan Froilán

    (Universidad Autónoma Metropolitana)

Abstract

In the framework of a closed economy, identical agents, constant returns to scale and introducing a financial market, through a model of endogenous growth the macroeconomic equilibrium is characterized and it is shown that capital distribution is perfect with the existence of an efficient financial market. Nevertheless, the capital distribution is ineffective when the financial market is not efficient, which generates distortions that increase the cost of capital and hence rate of growth decreases. At the same time, a welfare analysis is carried out to verify the impact due to both types of financial markets, an efficient one and an inefficient one.

Suggested Citation

  • Rivas Aceves Salvador & Martínez Pérez Juan Froilán, 2013. "El sistema financiero y su efecto en la dinámica del sector privado," Contaduría y Administración, Accounting and Management, vol. 58(4), pages 175-199, octubre-d.
    • Handle: RePEc:nax:conyad:v:58:y:2013:i:4:p:175-199
    as

    Download full text from publisher

    File URL: http://www.cya.unam.mx/index.php/cya/article/view/119
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    sistema financiero eficiente; mercado financiero; crecimiento económico;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nax:conyad:v:58:y:2013:i:4:p:175-199. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alberto García-Narvaez (Technical Editor) (email available below). General contact details of provider: https://edirc.repec.org/data/fcunamx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.