Relationship between financial development and economic growth in Colombia for the period 1994-2018.

Relación entre el desarrollo financiero y el crecimiento económico en Colombia en el periodo 1994-2018.

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URI: http://hdl.handle.net/10818/60089
Visitar enlace: https://www.scopus.com/inward/ ...
ISSN: 1214772
DOI: 10.15446/cuad.econ.v40n83.79314
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Autor/es
Cabrera D.G.; Arango M.M.
Fecha
2021
Resumen
This paper examines the long-term dynamics between financial development and economic growth in Colombia, for the period 1994-2018. It follows the growth model of Solow-Swan, increased with the financial system, as proposed by Durusu-Ciftci, Ispir and Yetkiner (2017), estimated through a vector error correction (VEC). The results of the analysis are consistent with the theory that exposes the existence of a positive relationship between the development of the financial system and economic growth in the long term © 2021, Cuadernos de Economia (Colombia). All Rights Reserved.
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Cuadernos de Economia (Colombia) Vol. 40 N° 83 p. 361-382
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