El impacto del crédito bancario sobre el desarrollo humano en México: un análisis de datos panel a nivel estatal, 2004-2016

Lizethe Berenice Méndez-Heras; Francisco Venegas-Martínez; Diego Emilio Linthon-Delgado

doi:10.29105/ensayos40.1-1

Authors

Lizethe Berenice Méndez-Heras
Francisco Venegas-Martínez https://orcid.org/0000-0003-1157-0298
Diego Emilio Linthon-Delgado

DOI:

https://doi.org/10.29105/ensayos40.1-1

Keywords:

Sistema financiero, bancos, desarrollo humano, datos panel

Abstract

Objetivo: Esta investigación examina la relación entre el crédito de la banca comercial y el desarrollo humano en México por Estado. Metodología:La metodología consiste en: 1) la construcción del Índice de Desarrollo Humano (IDH) en el nivel estatal de 2004 a 2016 (cada dos años); 2) la estimación de un modelo de variables instrumentales, utilizando MCO en dos etapas de datos panel; y 3) la estimación de un modelo dinámico de datos panel. Resultados: Ambos modelos sugieren que existe una relación estadísticamente significativa y positiva entre el crédito de la banca comercial y el IDH estatal en México.

The Impact of Bank Credit on Human Development in Mexico: A Data Analysis Panel at State Level, 2004-2016

Objective: This research examines the relationship between commercial bank credit and human development in Mexico at the State level. Methodology: The methodology consists of 1) the construction of the Human Development Index (HDI) at the State level from 2004 to 2016 (every two years); 2) the estimation of a model of instrumental variables using OLS in two stages of panel data, and 3) the estimation of a dynamic panel data model. Results: Both models suggest a statistically significant and positive relationship between the credit of commercial banks and the States’ HDI in Mexico.

Downloads

Download data is not yet available.

References

Arellano, M., and S. Bond (1991). Some tests of Specification for Panel Data: Monte Carlo Evidence and Application to Employment Equations. The Review of Economic Studies, Oxford University Press, 58 (2), 277-297.

Arellano, M., y O. Bover (1990). La Econometría de Datos Panel. Investigaciones Económicas (Segunda época), 14 (1), 3-45.

Arellano, M., and O. Bover (1998). Another Look at the Instrumental Variable Estimation of Error-Components Models. Journal of Econometrics, 68 (1), 29-51.

Agbor, J. A. (2015). How Does Colonial Origin Matter for Economic Performance in Sub-Saharan Africa? In Growth and Institutions in African Development. Chapter 13. New York: Routledge Studies in Development Economics (pp. 309-327).

Asongu, S., and J. C. Nwachukwu (2015). Finance and Inclusive Human Development: Evidence from Africa. Munich Personal RePEc Archive, Paper No. 71787.

Baran, P. (1957). Political economy of growth. New York: Montly Review Press.

Banco de México (2019). Reporte de Estabilidad Financiera: Resumen. Diciembre de 2019.

Beck, T., A. Demirgüç-Kunt, and R. Levine (2003). Law and Finance: Why Does Legal Origin Matter? Journal of Comparative Economics, 31 (4), 653-675.

Beck, T., A. Demirgüç-Kunt, R. Levine, and V. Maksimovic (2001). Financial Structure and Economic Development: Firm, Industry, and Country Evidence. In Financial Structure and Economic Growth (pp. 189-241). The MIT Press.

Beck, T., H. Degryse, and C. Kneer (2014). Is More Finance Better? Disentangling intermediation and size effects of financial systems. Journal of Financial Stability, 10 (C), 50-64.

Cameron, A. C., and P. K. Trivedi (2010). Microeconometrics using Stata. Stata Press, USA.

Campos, R. M., C. Domínguez, and G. Márquez (2017). Long-Run Human Development in Mexico. In Has Latin America Inequality Changed Direction? (pp. 89-112), Springer Open.

Clavellina, J. L. (2013). Crédito bancario y crecimiento económico en México. Economía Informa No. 378, enero-febrero, UNAM.

Dasgupta, A. K. (1954). Keynesian Economics and Underdeveloped Countries. Economic Weekly, Vol. 6, 101-105.

Datta, B. (1952). Economics of Industrialization. Calcutta: World Press.

Degryse, H., M. Kim, and S. Ongena (2009) Microeconometrics of banking: methods, applications and results. Oxford University Press.

Del Ángel Mobarak, G. (2010). La paradoja del desarrollo financiero. En Historia económica general de México: de la Colonia a nuestros días, Kuntz S. (coord.), El Colegio de México, 635-666.

Dobb, M.H. (1951). Some Aspects of Economic Development. Dehli School of Economics.

Esquivel, G., L. López-Calva y R. Vélez (2003). Crecimiento Económico, Desarrollo Humano y Desigualdad Regional en México 1950-2000. Estudios Sobre el Desarrollo Humano, PNUD. México. No. 2003-3.

Fillippidis, I, and C. Katrakilidis (2015). Finance, institutions and human Development: Evidence from Developing countries. Economic Research-Ekonomska Istraživanja, 28 (1), 1018-1033.

Freixas, X., and J. C. Rochet (1997). Microeconomics of Banking. MIT, Cambridge.

Goldsmith, R. W. (1969). Financial Structure and Development. Yale University Press.

Gurley, G., and E. S. Shaw, (1995). Financial Aspects of Economic Development. The American Economic Review, 45 (4), 515-538.

Haber S., y A. Musacchio (2014). Los buenos tiempos son éstos: la incursión de los bancos extranjeros en México después de un siglo de crisis bancarias. México, Centro de Estudios Espinosa Yglesias.

Hernández, F., y A. Villagómez (2013). El enigmático sistema bancario mexicano contemporáneo. Centro de Estudios Espinosa Yglesias.

Hirschman, A. O. (1958). The Strategy of Economic Development. Yale University Press.

King, R., and R. Levine (1993). Finance and Growth: Schumpeter Might Be Right. Quarterly Journal of Economics, 108 (3), 717-737.

King, R., and R. Levine (1993b). Finance, Entrepreneurship and Growth: Theory and Evidence. Journal of Monetary Economics, 32 (3), 513-542.

Levine, R., (2004). Finance and growth: theory and evidence. National Bureau of Economics Research, Working Paper No. 10 776.

Levine R. (1997). Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature, 35 (2), 688-726.

Lewis, W. A. (1955). The Theory of Economic Growth. Homewood, IL: Irwin.

López-Calva, L. F., y M. Székely (Comps.), (2006). Medición del desarrollo humano en México. México: Fondo de Cultura Económica.

Loría, E., & Robles, M. (2020). Reforma financiera y crecimiento potencial en México, 2014-2019. ECONOMÍAunam, 17(50), 72-91.

McKinnon, R. I. (1973). Money and Capital in Economic Development. Brookings Institution.

Mandelbaum M. K. (1945). The industrialization of backward areas. Oxford: Blackwell.

Nurkse, R. (1953). Problems of Capital Formation in Underdevelopment Countries. Oxford: Blackwell.

Pishke, Von (1998). Poverty, Human Development and Financial Services, Human Development Occasional Papers, No. 25.

Pishke, Von (2009). Finance and Human Development. In Marquardt, Michael J. Human Resources and Their Developments. UNESCO-EOLSS, 214-237.

PNUD (1990). Informe sobre el desarrollo humano 1990.

PNUD (2014). Informe sobre el desarrollo humano 2014.

PNUD (2015). Índice de Desarrollo Humano para las entidades federativas. México 2015.

Rodríguez, A., y F. Venegas-Martínez (2009). Decisiones de los bancos comerciales en condiciones de riesgo e incertidumbre. Estudios Económicos, 24 (47), 145-175.

Roodman, D. (2009). How to do xtabond2: An introduction to difference and system GMM in Stata. The stata journal, 9(1), 86-136.

Rosenstein-Rodan, P. (1943). Problems of Industrialisation of Eastern and South-Eastern Europe. The Economic Journal, 53 (210/211), 202-211.

Sen, A. (1980). Equality of What? In McMurrin S. Tanner Lectures on Human Values, Volume 1. Cambridge University Press.

Sen, A. (1985). Commodities and Capabilities. North Holland.

Sen, A. (1988). The Concept of Development. In Handbook of Development Economics, Vol. I, pp. 9-26.

Sen, A. (1989). Sobre ética y economía. Madrid: Alianza Editorial.

Sen, A. (1998). Human Development and Financial Conservatism, World Development, 26 (4), 733-742.

Sen, A. (2000). Desarrollo y Libertad. Editorial Planeta Mexicana.

Sen, A. (2003). Development as Capability Expansion. In Readings in Human Development, ( 41-58) New Delhi and New York: Oxford University Press.

Singer, H.W. (1952). The Mechanics of Economic Development, Indian Economic Review, Reimpreso en: The economics of underdevelopment. London: Oxford University Press.

Uddin, Md A., and M. Masih (2015). Finance, Growth and Human Development: An Islamic Economic Development perspective. Munich: Personal RePEc Archive, Paper No. 65818.