TY - JOUR
T1 - Impact of Financial Inclusion on Peru's Economic Growth (2004–2021)
AU - Mougenot, Benoit
AU - Cano-Huacarpuma, Diana
AU - Ricalde-Peralta, Liz
N1 - Publisher Copyright:
© 2022, AfricaGrowth Institute. All rights reserved.
PY - 2022/12/1
Y1 - 2022/12/1
N2 - This paper investigates the incidence, relationship, and behavior of the proxy variables of financial inclusion on Peru’s economic growth in the period 2004–2021, for which the methodology of a vector autoregressive model (VAR) and error correction vectors (VEC) was applied. The results show that the variable with the highest incidence is the number of debtors, savings deposits in local currency, loans to small businesses and consumer credit, which present a short-, medium-, and long-term relationship, and explain the variation of the gross domestic product in a significant proportion during the period 2004–2021.
AB - This paper investigates the incidence, relationship, and behavior of the proxy variables of financial inclusion on Peru’s economic growth in the period 2004–2021, for which the methodology of a vector autoregressive model (VAR) and error correction vectors (VEC) was applied. The results show that the variable with the highest incidence is the number of debtors, savings deposits in local currency, loans to small businesses and consumer credit, which present a short-, medium-, and long-term relationship, and explain the variation of the gross domestic product in a significant proportion during the period 2004–2021.
KW - Financial inclusion
KW - credit access
KW - economic growth
KW - microfinance
UR - http://www.scopus.com/inward/record.url?scp=85146320733&partnerID=8YFLogxK
M3 - Artículo
AN - SCOPUS:85146320733
SN - 1879-9337
VL - 12
SP - 1
EP - 9
JO - Review of Development Finance
JF - Review of Development Finance
IS - 2
ER -
