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- Title
EL EFECTO DEL MICROCRÉDITO EN EL PIB DE COLOMBIA, 2005-2018.
- Authors
Andrés Londoño-Bedoya, David; Marcela Garzón-Quintero, Claudia; Collazos-Ortiz, María Antonieta
- Abstract
This article seeks to establish whether microcredit has impacted Colombia's Gross Domestic Product (GDP) and, if so, to what extent. To determine this, the current article provides a summary of microcredit, its main schools, its critics, and how this line of credit operates at the normative and qualitative level in Colombia. There is also a review of the literature on the financial sector's impact on GDP. All of the above was tested against panel data analysis at the subnational level in Colombia. Findings showed that microcredit has a negative impact on Colombia's GDP.
- Subjects
COLOMBIA; MICROFINANCE; ECONOMIC expansion; GROSS domestic product; PANEL analysis; DATA analysis; FINANCIAL services industry; TECHNOLOGICAL innovations
- Publication
Problemas del Desarrollo. Revista Latinoamericana de Economía, 2021, Vol 52, Issue 204, p3
- ISSN
0301-7036
- Publication type
Article
- DOI
10.22201/iiec.20078951e.2021.204.69630