Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217357 
Year of Publication: 
2019
Citation: 
[Journal:] Investigación Económica [ISSN:] 2594-2360 [Volume:] 78 [Issue:] 309 [Publisher:] Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía [Place:] Ciudad de México [Year:] 2019 [Pages:] 27-57
Publisher: 
Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía, Ciudad de México
Abstract (Translated): 
The aim of this paper is to examine the impact of financial development on economic growth. The contribution of both capital and credit market movements on the dynamics of Mexico's gross domestic product (GDP) over the period 1996-2017 is empirically tested using an Autoregressive Distributive Lag model. The main findings show that the deepening of the financial system generates bivalent effects on the evolution of GDP. The evidence also suggests an inverse relationship with bank intermediation and a positive one with stock market capitalization.
Subjects: 
Financial development
economic growth
Autoregressive Distributive Lag model
JEL: 
C32
O47
G10
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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