Credit and economic growth in Nicaragua in the period 2011-2021
DOI:
https://doi.org/10.5377/rtu.v11i32.15066Keywords:
GDP, credit, economic growthAbstract
This study aims to analyze the relation between the credit granted by the national financial system and economic growth measured by the Gross Domestic Product (GDP) in Nicaragua in the period 2011 to 2021.
In the last decade, the gross credit portfolio has represented on average 32.11% of Nicaragua's GDP and in 2017 this same relation represented 40%, which allows us to infer that economic growth depends on the levels of credit that are granted within the economy.
To determine the degree of relation that exists between the variables, Pearson's correlation model was used to know the relation that exists between both variables, which in this case would be the Gross Domestic Product seen from the perspective of production and the gross credit portfolio of the financial system, taking into account that there is a linear relation between the variables.
As a result, it was obtained that there is a highly significant degree of relationship between both variables, which indicates that to the extent that the credit portfolio grows in the same way as GDP does, significantly depending on the economic growth of the levels of credits granted within the economy, this growth is susceptible to exogenous events which modify the course of economic growth.
Downloads
References
Astudillo, M. y Paniagua, J. (2012). Fundamentos de Economía. México: Universidad Nacional Autónoma de México.
Banco Central de Nicaragua. (2012). Cuadernillos Económicos. Obtenido de https://www.bcn.gob.ni/sites/default//files/programas_educativos/educacion_economica/cuadernillos/Que_es_el_PIB.pdf
Gregorio, J. (2012). Macroeconomía. Teoría y Políticas. Santiago de Chile: Pearson-Educación.
Morales, A. y Morales. J. (2014). Crédito y Cobranza. México: Grupo Editorial Patria, S.A. de C.V.
Morales, P. (2011). El coeficiente de correlación. Obtenido de https://ice.unizar.es/sites/ice.unizar.es/files/users/leteo/materiales/01._documento_1_correlaciones.pdf
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 National Autonomous University of Nicaragua, Managua.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
The authors who publish in this journal agree to the following terms.
- The author or authors of the articles, essays or research grant the National Autonomous University of Nicaragua, Managua (UNAN-Managua) the editing rights (copyright) of the submitted work, therefore the University has the exclusive right to publish the article for the entire copyright period.
- These copyrights/authors authorize Torreón Universitario Magazine and the University to edit and disseminate/publish the article in said Magazine, including printed and electronic reproduction, storage, retrieval and any other type of publication, and sources of secondary information as services. of summaries and databases, they also empower it to protect the article against unauthorized use for dissemination by printed or electronic media (PDF, HTML, EPUB, XML or others).
License for use of content
The magazine uses the Creative Commons Attribution-NonCommercial-NoDerivs 4.0 International License.
Under this statement:
This journal is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. It can be copied, distributed and transmitted publicly as long as the author and source are cited (Revista Torreón Universitario), it should not be modified or used for any commercial purpose. The full license can be found at http://creativecommons.org/licenses/by-nc-nd/4.0/.