Credit and economic growth. The strategic role of public institutions in Ecuador
DOI:
https://doi.org/10.31637/epsir-2024-1557Keywords:
Bank Credit, Economic growth, Public Banking, PIB, Unemployment, inflation, interest rates, Country RiskAbstract
Introduction: This study refers to the analysis of economic development through public credit and impact variables such as inflation, country risk, unemployment and foreign investment. Methodology: A quantitative study is carried out using the OLS-Anova method and multiple linear regression considering different multicollinearity, normality and residual tests to generate a final model in the period 2000-2023. Results: They indicate that the proposed variables are significant, especially public credit that helps in generating sources of work through entrepreneurship. Discussion: Regarding Public Bank Credit, the coefficient for 0.00000032261, which indicates a positive relationship with log(GDP), which indicates that for each unit of increase in Public Bank Credit, log(GDP) increases by 0.00000032261 units. . Conclusions: Sustainable economic development requires a controlled balance between access to public bank credit, job creation, inflation and effective country risk management. Coherent and transparent public policies, accompanied by strong regulatory oversight, are essential to ensure that these elements align in a way that promotes inclusive and sustainable growth.
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