TY - JOUR
T1 - Determinantes de la profundad financiera en México
T2 - Un enfoque de datos de panel dinámico
AU - Téllez-León, Isela Elizabeth
AU - Venegas-Martínez, Francisco
N1 - Publisher Copyright:
© 2019, Universidad Pablo de Olavide.
PY - 2019
Y1 - 2019
N2 - This paper aims to study the determinants of financial deepening (FD) in Mexico. FD is measured as the fraction of total credit assigned to private sector as a proportion of GDP. The explanatory variables include: enforcing contracts (rule of law) and institutions; bank regulation; bank competition; formal labor; and financial literacy, among others. The data contains information of each State of the Mexican Republic. The model estimation is performed by using ordinary least squares (OLS), robust least square (RLS) with several weights functions (to deal with outliers), and a dynamic panel model (DPM) estimated with the generalized method of moments (GMM). The main findings are that: 1) the rule of law, 2) financial savings, and 3) financial education are the main determinants of financial deepening in Mexico.
AB - This paper aims to study the determinants of financial deepening (FD) in Mexico. FD is measured as the fraction of total credit assigned to private sector as a proportion of GDP. The explanatory variables include: enforcing contracts (rule of law) and institutions; bank regulation; bank competition; formal labor; and financial literacy, among others. The data contains information of each State of the Mexican Republic. The model estimation is performed by using ordinary least squares (OLS), robust least square (RLS) with several weights functions (to deal with outliers), and a dynamic panel model (DPM) estimated with the generalized method of moments (GMM). The main findings are that: 1) the rule of law, 2) financial savings, and 3) financial education are the main determinants of financial deepening in Mexico.
KW - Financial deepening
KW - Mexico
KW - econometric modeling
KW - factors affecting financial deepening
UR - http://www.scopus.com/inward/record.url?scp=85077124523&partnerID=8YFLogxK
M3 - Artículo
AN - SCOPUS:85077124523
SN - 1886-516X
VL - 27
SP - 285
EP - 299
JO - Revista de Metodos Cuantitativos para la Economia y la Empresa
JF - Revista de Metodos Cuantitativos para la Economia y la Empresa
ER -