Crédito de la banca privada y su incidencia sobre el crecimiento económico para el Ecuador en el período 2002-2016

Abstract

This research aims the analysis of the impact of bank credit on economic growth in Ecuador applying the Autorregresive Vector (VAR) technique using quarterly time series data from 1990 to 2017. The variable Gross Domestic Product (GDP) used as proxy for economic growth and bank credit as a variable of interest. It was tested the stationarity of the variables using the Augmented Dickey-Fuller (ADF) unit root test. All the variables were integrated of order one i.e., I(1). Likewise, this research investigated the existence of causality relationship between the main variables applying the Granger Test. An important finding is the existence of a causal and significant relationship that goes from bank credits and broad money (M2) to economic growth.