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Professor Guidedc.contributor.advisorMicco Aguayo, Alejandroes_CL
Authordc.contributor.authorRamírez, Sebastián es_CL
Authordc.contributor.authorReyes, Gonzalo 
Staff editordc.contributor.editorFacultad de Economía y Negocioses_CL
Staff editordc.contributor.editorEscuela de Economía y Negocioses_CL
Abstractdc.description.abstractNowadays Chile is considered one of the most development financial systems in the region, however, to our knowledge there has been little empirical work regarding the effect of Chilean financial development on growth. It’s true that a remarkable amount of works have focus on the link between finances and growth, but it’s also true that this works are at best an indicative of the relationship for Chile, mainly because they focus on cross country regressions or on time series analysis for develop countries. In the present work we estimate the relationship between financial development and output over two scopes, one grounded on macroeconomic time series analysis of cointegrated variables and the other grounded on a dynamic panel industrial analysis, following Rajan y Zingales (1998). We conclude that there is a positive and substantial effect of financial development on output, but this effect is explain largely by the banking sector vis a vis the stock market, also we find evidence that the causality between both is at least bidirectional discarding that finance just follows growth. Our results are robust over different methodologies and specifications.
Publisherdc.publisherUniversidad de Chilees_CL
Type of licensedc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile
Link to Licensedc.rights.uri
Keywordsdc.subjectDesarrollo económico--Chilees_CL
Títulodc.titleDesarrollo financiero & crecimiento económico — Un estudio de caso para Chilees_CL
Document typedc.typeTesises_CL

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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile