Impact of Financial Inclusion on Peru's Economic Growth (2004–2021)

Mougenot B.; Cano-Huacarpuma D.; Ricalde-Peralta L. · Review of Development Finance (2022)

Resumen

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.

Instituciones: Universidad San Ignacio de Loyola