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Financial development; foreign capital accumulation and poverty: a theoretical RBC model for a small open economy
Desarrollo financiero, acumulación de capital foráneo y pobreza: modelo teórico RBC en economía pequeña abierta
dc.creator | González-Uribe, Gabriel Jaime | |
dc.date | 2015-01-22 | |
dc.date.accessioned | 2021-03-18T21:12:22Z | |
dc.date.available | 2021-03-18T21:12:22Z | |
dc.identifier | https://revistas.itm.edu.co/index.php/revista-cea/article/view/25 | |
dc.identifier | 10.22430/24223182.25 | |
dc.identifier.uri | http://test.repositoriodigital.com:8080/handle/123456789/11764 | |
dc.description | Global economy is characterized by high levels of poverty. Some authors have linked financial development, understood as all those measures that allow the financial system to reduce information and transaction costs, and facilitate the mobilization and efficient location of the capital, to poverty levels of the countries. This paper uses the theoretical framework of Kollintzas and Vassilatos (2000) as a reference for a simple Real Business Cycle (RBC) model endogenizing transaction costs, referring to the financial development of countries. The results show that improvements in financial development affect the optimal decisions of individuals and indirectly affect the remuneration of the factors of production, including labor. | en-US |
dc.description | La economía mundial se caracteriza por altos niveles de pobreza. Algunos autores han relacionado el desarrollo financiero, entendido como todas aquellas medidas que le permiten al sistema financiero reducir los costos de información y transacción, facilitando la movilización y locación eficiente del capital con los niveles de pobreza de los países. Este artículo utiliza el marco teórico Kollintzas y Vassilatos (2000) para hacer una aproximación desde un modelo simple de Ciclos Económicos Reales (o RBC por sus siglas en inglés), endogeneizando los costos de transacción, relacionándolos con el desarrollo financiero de los países. Los resultados indican que mejorías en el desarrollo financiero afectan las decisiones óptimas de los individuos e incide indirectamente en la remuneración de los factores de producción, entre ellos el trabajo. | es-ES |
dc.format | application/pdf | |
dc.language | spa | |
dc.publisher | Instituto Tecnológico Metropolitano - ITM | es-ES |
dc.relation | https://revistas.itm.edu.co/index.php/revista-cea/article/view/25/22 | |
dc.relation | /*ref*/Beck, T., Demirguc-Kunt, A., & Levine, R. (2004, December 1). Finance, inequality and poverty: cross-country evidence. 46. | |
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dc.relation | /*ref*/Cardia, E. (1991). The dynamics of a small open ecomomy in respond to monetary, fiscal and productivity shocks. Journal of Monetary Economics, 28, 411-434. | |
dc.relation | /*ref*/Cardia, E. (1991). The dynamics of a small open ecomomy in respond to monetary, fiscal and productivity shocks. Journal of Monetary Economics, 28, 411-434. | |
dc.relation | /*ref*/Gill, W. (2006, November). The reasons for the low market penetration of banking services in South Africa. 71. Pretoria, South Africa: University of Pretoria. | |
dc.relation | /*ref*/Kollintzas, T., & Vassilatos, V. (2000). A small open economy model with transaction costs in foreign capital. European Economic Review, 44, 1515-1541. | |
dc.relation | /*ref*/Medhi, I., Ratan, A., & Toyama, K. (2009). Mobile-Banking Adoptation and Usage by Low-Literate, Low-Income Users int he Developing World. (S.-V. B. Heidelberg, Ed.) Internacionalization, Design, 485-494. | |
dc.relation | /*ref*/Mendoza, E. (1991). Real business cycles in a small open economy. American Economic Review, 81, 797-840. | |
dc.relation | /*ref*/Nguyen, C., Bigman, D., & Van den Berg, M. (2007, August 23). Impact of micro credit on poverty and inequality: The Case of The Vietnam Bank for Social Policies. MPRA Munich Personal RePEc Archive, 21. | |
dc.relation | /*ref*/World Bank. (2013). Remarkable Declines in Global Poverty, But Major Challenges Remain. Retrieved Abril 7, 2014, from http://www.worldbank.org/en/news/press-release/2013/04/17/remarkable-declines-in-global-poverty-but-major-challenges-remain | |
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dc.rights | Derechos de autor 2017 Revista CEA | es-ES |
dc.source | Revista CEA; Vol. 1 No. 1 (2015); 11-21 | en-US |
dc.source | Revista CEA; Vol. 1 Núm. 1 (2015); 11-21 | es-ES |
dc.source | 2422-3182 | |
dc.source | 2390-0725 | |
dc.subject | financial development | en-US |
dc.subject | real business cycle models | en-US |
dc.subject | poverty reduction | en-US |
dc.subject | economic development | en-US |
dc.subject | desarrollo financiero | es-ES |
dc.subject | modelos de ciclos económicos | es-ES |
dc.subject | reducción de la pobreza | es-ES |
dc.subject | Modelo RBC | es-ES |
dc.subject | desarrollo económico | es-ES |
dc.title | Financial development; foreign capital accumulation and poverty: a theoretical RBC model for a small open economy | en-US |
dc.title | Desarrollo financiero, acumulación de capital foráneo y pobreza: modelo teórico RBC en economía pequeña abierta | es-ES |
dc.type | info:eu-repo/semantics/article | |
dc.type | info:eu-repo/semantics/publishedVersion | |
dc.type | Articles | en-US |
dc.type | Artículos | es-ES |
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