Short-term effects of productive credit, savings and money demand on Ecuador’s economic growth, 2006–2020
Armando Urdaneta Montiel,
Emmanuel Vitorio Borgucci Garcia,
Segundo Camino-Mogro
Abstract:PurposeThis paper aims to determine causal relationships between the level of productive credit, real deposits and money demand – all of them in real terms – and Gross National Product between 2006 and 2020.Design/methodology/approachThe vector autoregressive technique (VAR) was used, where data from real macroeconomic aggregates published by the Central Bank of Ecuador (BCE) are correlated, such as productive credit, gross domestic product (GDP) per capita, deposits and money demand.FindingsThe results indica… Show more
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