Desarrollo Financiero y Crecimiento Económico en Bolivia
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Oikos Polis
Abstract
Resumen: El proceso de crecimiento económico es una de las variables más estudiadas por los investigadores sociales ya que países con altas tasas de crecimiento económico estarían asociados a un mayor grado de bienestar. El sistema financiero ha sido objeto de debate entre los economistas quienes creen que éste puede contribuir al crecimiento económico con sus funciones: canalización del ahorro, reducción de costos de transacción, asignación eficiente de recursos, etc. Sin embargo, no hay una posición unánime en esta área de investigación. Por otro lado, Bolivia en los últimos años ha presentado mejoras en sus niveles de PIB per cápita por lo cual es importante determinar a qué se debe este fenómeno. Si bien el sistema financiero se ha ido consolidando en el país, se verá que éste no ha sido una fuente principal en el crecimiento del PIB per cápita en Bolivia. Una posible explicación a estos resultados es que las crisis financieras de los años 80 han anulado el impacto positivo que se encuentra tanto teórica como empíricamente entre el desarrollo financiero y el crecimiento económico de largo plazo, por otro lado, más actualmente, la legislación podría estar generando 'precios mentirosos' respecto a las tasas de interés ofrecidas al sector productivo, impidiendo que el sistema bancario asigne correctamente los recursos.
Abstract: The process of economic growth is one of the most studied topics by social scientists as countries with high rates of economic growth would be associated with a greater degree of welfare. The financial system has been subject of debate among economists who believe that it can contribute to economic growth with its functions: channeling savings, reduced transaction costs, efficient allocation of resources, etc. However, there is not a unanimous position in this area of research. On the other hand, Bolivia in recent years has made improvements in their levels of GDP per capita that it is important to determine why this phenomenon is due to. While the financial system has been consolidated in the country, it does not seem to be a major source of growth in GDP per capita in Bolivia. One possible explanation for these results is that the financial crises of the 80s have nullified the positive impact that is both theoretically and empirically between financial development and economic growth in the long term, on the other hand, more currently, the legislation could be generating 'liars prices' to the interest rates offered to the productive sector, preventing the banking system properly allocate resources.
Abstract: The process of economic growth is one of the most studied topics by social scientists as countries with high rates of economic growth would be associated with a greater degree of welfare. The financial system has been subject of debate among economists who believe that it can contribute to economic growth with its functions: channeling savings, reduced transaction costs, efficient allocation of resources, etc. However, there is not a unanimous position in this area of research. On the other hand, Bolivia in recent years has made improvements in their levels of GDP per capita that it is important to determine why this phenomenon is due to. While the financial system has been consolidated in the country, it does not seem to be a major source of growth in GDP per capita in Bolivia. One possible explanation for these results is that the financial crises of the 80s have nullified the positive impact that is both theoretically and empirically between financial development and economic growth in the long term, on the other hand, more currently, the legislation could be generating 'liars prices' to the interest rates offered to the productive sector, preventing the banking system properly allocate resources.
Description
Vol. 1, No. 1