Pub Date : 2023-06-09DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.10
Ariadna Hernández-Rivera
Esta investigación tiene como objetivo demostrar que la confianza en el uso y acceso de herramientas financierasen hombres y mujeres determina la conducta financiera de los usuarios en México, y marca diferentes tendencias de acuerdo con el género. Se aplica una metodología con enfoque cuantitativo, no experimental y correlacional, proponiendo un modelo econométrico de elección binaria para hombres y mujeres. Se utiliza la Encuesta Nacional de Inclusión Financiera 2021 (ENIF) considerando 12.406 observaciones correspondientes a personas en un rango de edad de 18 a 70 años, para validar la hipótesis de que la confianza modifica el comportamiento de hombres y mujeres con respecto al uso y acceso de herramientas financieras. Los resultados evidencian que, a mayor nivel de desconfianza, la población mexicana presenta un comportamiento que obliga a disminuir la utilización de herramientas ofrecidas por instituciones financieras formales. Se concluye que la confianza de los consumidores ante estos recursos modifica la conducta de hombres y mujeres para su uso.
{"title":"Brecha de género en la confianza de productos y servicios financieros desde la perspectiva del comportamiento","authors":"Ariadna Hernández-Rivera","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.10","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.10","url":null,"abstract":"Esta investigación tiene como objetivo demostrar que la confianza en el uso y acceso de herramientas financierasen hombres y mujeres determina la conducta financiera de los usuarios en México, y marca diferentes tendencias de acuerdo con el género. Se aplica una metodología con enfoque cuantitativo, no experimental y correlacional, proponiendo un modelo econométrico de elección binaria para hombres y mujeres. Se utiliza la Encuesta Nacional de Inclusión Financiera 2021 (ENIF) considerando 12.406 observaciones correspondientes a personas en un rango de edad de 18 a 70 años, para validar la hipótesis de que la confianza modifica el comportamiento de hombres y mujeres con respecto al uso y acceso de herramientas financieras. Los resultados evidencian que, a mayor nivel de desconfianza, la población mexicana presenta un comportamiento que obliga a disminuir la utilización de herramientas ofrecidas por instituciones financieras formales. Se concluye que la confianza de los consumidores ante estos recursos modifica la conducta de hombres y mujeres para su uso.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128320623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-09DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.8
Renu Isidore, C. J. Arun
La toma de decisiones en el complejo mercado de valores es una tarea exigente dada la enorme cantidad de información disponible y la amplia gama de técnicas de toma de decisiones disponibles. La educación financiera de los inversores juega un papel destacado para influir en su proceso de toma de decisiones. Aunque el mercado de valores indio es el tercero más grande de Asia, solo alrededor del 3% de sus hogares invierten en mercados de valores. El nivel de educación financiera del inversor indio debe evaluarse para que haya una mayor participación en el mercado de valores y se obtengan mayores rendimientos. Este estudio tiene como objetivo determinar el efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones obtenidos en el mercado secundario de acciones de la India. Las herramientas de toma de decisiones incluyen el análisis fundamental: (i) análisis económico, (ii) análisis de la industria, (iii) análisis de la empresa, (iv) análisis técnico y (v) recomendación deasesores. Los datos se recopilaron a través del método de encuesta de cuestionario y a través de una muestra válida de 436 cuestionarios, se probó la importancia del efecto moderador. Usando el complemento Process Macro en SPSS, se realizó el análisis de moderación. Los resultados revelan que la educación financiera solamente moderó la relación entre el análisis económico y los rendimientos de las acciones.
{"title":"El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India","authors":"Renu Isidore, C. J. Arun","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.8","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.8","url":null,"abstract":"La toma de decisiones en el complejo mercado de valores es una tarea exigente dada la enorme cantidad de información disponible y la amplia gama de técnicas de toma de decisiones disponibles. La educación financiera de los inversores juega un papel destacado para influir en su proceso de toma de decisiones. Aunque el mercado de valores indio es el tercero más grande de Asia, solo alrededor del 3% de sus hogares invierten en mercados de valores. El nivel de educación financiera del inversor indio debe evaluarse para que haya una mayor participación en el mercado de valores y se obtengan mayores rendimientos. Este estudio tiene como objetivo determinar el efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones obtenidos en el mercado secundario de acciones de la India. Las herramientas de toma de decisiones incluyen el análisis fundamental: (i) análisis económico, (ii) análisis de la industria, (iii) análisis de la empresa, (iv) análisis técnico y (v) recomendación deasesores. Los datos se recopilaron a través del método de encuesta de cuestionario y a través de una muestra válida de 436 cuestionarios, se probó la importancia del efecto moderador. Usando el complemento Process Macro en SPSS, se realizó el análisis de moderación. Los resultados revelan que la educación financiera solamente moderó la relación entre el análisis económico y los rendimientos de las acciones.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"11 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134034677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-09DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.7
A. Hanif, Muhammad Salah Uddin, Tahsin Bakirtas, Sheikh Abdul Kader
The purpose of this study is to investigate the impact of military expenditure on unemployment in Bangladesh, examining the cointegration among unemployment, military expenditure, and foreign direct investment. It also sheds light on the short and longrun dynamics of the variables under consideration. The study employs the ARDL bounds testing approach to investigate the cointegration among the variables using time series annual data from the period of 1990-2018. The dependant variable is unemployment and military expenditure and FDI are the independent variables. Thisresearch found a long run relationship among the variables. An increase in military expenditure significantly reduces unemployment in the short run, however, no significant long-run relationship is found. The higher FDI, the higher unemployment in the long run. This study contributes to fill the research gap regarding theimpact of military expenditure and FDI on unemployment. To the best of our knowledge, this is the first study to examine the relationship among unemployment, military expenditure and FDI in Bangladesh using ARDL bounds testing approach with time series annual data.
{"title":"Military Expenditure and Unemployment Nexus in Bangladesh","authors":"A. Hanif, Muhammad Salah Uddin, Tahsin Bakirtas, Sheikh Abdul Kader","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.7","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.7","url":null,"abstract":"The purpose of this study is to investigate the impact of military expenditure on unemployment in Bangladesh, examining the cointegration among unemployment, military expenditure, and foreign direct investment. It also sheds light on the short and longrun dynamics of the variables under consideration. The study employs the ARDL bounds testing approach to investigate the cointegration among the variables using time series annual data from the period of 1990-2018. The dependant variable is unemployment and military expenditure and FDI are the independent variables. Thisresearch found a long run relationship among the variables. An increase in military expenditure significantly reduces unemployment in the short run, however, no significant long-run relationship is found. The higher FDI, the higher unemployment in the long run. This study contributes to fill the research gap regarding theimpact of military expenditure and FDI on unemployment. To the best of our knowledge, this is the first study to examine the relationship among unemployment, military expenditure and FDI in Bangladesh using ARDL bounds testing approach with time series annual data.\u0000 \u0000 ","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116306764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-08DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.6
Joana Cecilia Chapa Cantú, Carlos Emmanuel Saldaña Villanueva, Edgar Mauricio Luna Domínguez
This paper explores the relationship between residential confinement to reduce the spread of the COVID-19 virus, seen as a public policy, and how it affects the informal labor sector, as well as the responseof individuals to the pandemic in the states of Mexico. Forming panels for various levels of informality applied to panel vector auto-regressive (PVAR) shows that staying at home as public policy becomes more effective as informality decreases. In addition, the response of individuals to an increase in the spread of the pande-mic depends on the level of informality: for states with lower rates of informality, individuals respond to a higher concentration of residential confinement. But for states with a higher level of informality, the evidence is not significant. The paper considers the role of informality in the development of an effective public policy.
{"title":"“Stay at home (if you can)”: informal employment and COVID-19 in Mexico","authors":"Joana Cecilia Chapa Cantú, Carlos Emmanuel Saldaña Villanueva, Edgar Mauricio Luna Domínguez","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.6","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.6","url":null,"abstract":"This paper explores the relationship between residential confinement to reduce the spread of the COVID-19 virus, seen as a public policy, and how it affects the informal labor sector, as well as the responseof individuals to the pandemic in the states of Mexico. Forming panels for various levels of informality applied to panel vector auto-regressive (PVAR) shows that staying at home as public policy becomes more effective as informality decreases. In addition, the response of individuals to an increase in the spread of the pande-mic depends on the level of informality: for states with lower rates of informality, individuals respond to a higher concentration of residential confinement. But for states with a higher level of informality, the evidence is not significant. The paper considers the role of informality in the development of an effective public policy.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127583335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-23DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.3
Oscar López-Solís, Alexander Fernando Haro Sarango, Ana Córdova-Pacheco, Juan Pérez-Briceño
En el origen y evolución de las finanzas ha resultado oportuno alinear la teoría con la práctica, con el fin de promover argumentos sólidos. Sin embargo, esta perspectiva está lejos de ser aplicada, ya que es común que se empleen los aspectos prácticos sin adherir a su interpretación las hipótesis teóricas sobre la influencia, relación y asociatividad de los términos. En este sentido, este estudio se plantea como objetivo evaluar si el teorema Modigliani-Miller y sus supuestos son aplicables a las pymes pertenecientes al sector comercio del Ecuador. Para ello se usan dos etapas metodológicas. En primer lugar, se utilizan con modelos no supervisados mediante Partitioning Around Medoids, con el fin de clasificar y aumentar la homogeneidad en la interpretación de modelos. Y, en segundo lugar, se emplean modelos de interpretación lineal clasificados con el objeto de explicar la relación subyacente de los diversos indicadores con la estructura de capital. Con las iteraciones se puede concluir que la teoría que mayor adaptabilidad posee en este grupo de empresas es la del trade-off, la cual sugiere que sí existe una estructura adecuada, que resulta de la combinación de factores financieros.
{"title":"El teorema Modigliani-Miller: un análisis desde la estructura de capital mediante modelos Data Mining en pymes del sector comercio","authors":"Oscar López-Solís, Alexander Fernando Haro Sarango, Ana Córdova-Pacheco, Juan Pérez-Briceño","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.3","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.3","url":null,"abstract":"En el origen y evolución de las finanzas ha resultado oportuno alinear la teoría con la práctica, con el fin de promover argumentos sólidos. Sin embargo, esta perspectiva está lejos de ser aplicada, ya que es común que se empleen los aspectos prácticos sin adherir a su interpretación las hipótesis teóricas sobre la influencia, relación y asociatividad de los términos. En este sentido, este estudio se plantea como objetivo evaluar si el teorema Modigliani-Miller y sus supuestos son aplicables a las pymes pertenecientes al sector comercio del Ecuador. Para ello se usan dos etapas metodológicas. En primer lugar, se utilizan con modelos no supervisados mediante Partitioning Around Medoids, con el fin de clasificar y aumentar la homogeneidad en la interpretación de modelos. Y, en segundo lugar, se emplean modelos de interpretación lineal clasificados con el objeto de explicar la relación subyacente de los diversos indicadores con la estructura de capital. Con las iteraciones se puede concluir que la teoría que mayor adaptabilidad posee en este grupo de empresas es la del trade-off, la cual sugiere que sí existe una estructura adecuada, que resulta de la combinación de factores financieros.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124726082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-23DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.4
Jacques Lartigue Mendoza, Salomón Domínguez
This paper provides economic theory with a dynamic structural model that mathematically proves both a positive effect of wages on the workers’ human capital intertemporal investment decisions and the existence of a virtuous dynamic cycle between wages and human capital.Among the desired characteristics of the proposed model is that it has an analytical solution, permitting the achievement of an optimal decision rule for each choice variable and the calibration of its parameters using observed data; this favors an easy implementation by policymakers and researchers. The constructed statistics and the results of the empirical application of the model, to the Mexican developing economy, support the mathematical conclusions. The model predicts two benchmark human capital gross returns and their corresponding wages, by levels of education. Below the second one, human capital coming from formal education vanishes over time, due to investment not being enough to offset its depreciation; below the first one, workers stop investing in education. Unfortunately, around 40% and 20% of Mexican workers are located below them, respectively.
{"title":"The Effect of Wages on Human Capital and its Virtuous Dynamic Cycle","authors":"Jacques Lartigue Mendoza, Salomón Domínguez","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.4","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.4","url":null,"abstract":"This paper provides economic theory with a dynamic structural model that mathematically proves both a positive effect of wages on the workers’ human capital intertemporal investment decisions and the existence of a virtuous dynamic cycle between wages and human capital.Among the desired characteristics of the proposed model is that it has an analytical solution, permitting the achievement of an optimal decision rule for each choice variable and the calibration of its parameters using observed data; this favors an easy implementation by policymakers and researchers. The constructed statistics and the results of the empirical application of the model, to the Mexican developing economy, support the mathematical conclusions. The model predicts two benchmark human capital gross returns and their corresponding wages, by levels of education. Below the second one, human capital coming from formal education vanishes over time, due to investment not being enough to offset its depreciation; below the first one, workers stop investing in education. Unfortunately, around 40% and 20% of Mexican workers are located below them, respectively.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"2015 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125709075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-23DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.2
Jorge Luis Sánchez Arévalo, Alisson Maxwell Ferreira de Andrade, Elisabeth De Oliveira Vendramin
The systemic risk caused by COVID-19 affected all sectors of the economy, thus showing the vulnerability of some sectors in comparison to others. In this context, the supply shock experienced by the iron ore sector has drawn attention and resulted in a price increase. Linked to this, and in a negative way, oil prices fell due, among other factors, to the price war between producing countries.In this sense, this study analyses the volatility of the Brazilian stock market indicator in relation to the prices of the aforementioned products and the price of the dollar. The results show the importance of the price formation in these markets for the variation of the indicator. The appreciation of Brent oil and iron ore prices on the Dalian Commodity Exchange (DCE), in China, caused the Ibovespa indicator to move in the same direction. In addition, in statistical terms, the study highlights the great importance of the exchange rate as a determinant in the variation of the indicator and, consequently, affecting the intention to invest.
{"title":"Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19","authors":"Jorge Luis Sánchez Arévalo, Alisson Maxwell Ferreira de Andrade, Elisabeth De Oliveira Vendramin","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.2","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.2","url":null,"abstract":"The systemic risk caused by COVID-19 affected all sectors of the economy, thus showing the vulnerability of some sectors in comparison to others. In this context, the supply shock experienced by the iron ore sector has drawn attention and resulted in a price increase. Linked to this, and in a negative way, oil prices fell due, among other factors, to the price war between producing countries.In this sense, this study analyses the volatility of the Brazilian stock market indicator in relation to the prices of the aforementioned products and the price of the dollar. The results show the importance of the price formation in these markets for the variation of the indicator. The appreciation of Brent oil and iron ore prices on the Dalian Commodity Exchange (DCE), in China, caused the Ibovespa indicator to move in the same direction. In addition, in statistical terms, the study highlights the great importance of the exchange rate as a determinant in the variation of the indicator and, consequently, affecting the intention to invest.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130869767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-02DOI: 10.14718/revfinanzpolitecon.v14.n2.2022.1
Joan Miguel Tejedor Estupiñán
{"title":"Los fallos de la integración económica internacional y de la gobernanza supranacional","authors":"Joan Miguel Tejedor Estupiñán","doi":"10.14718/revfinanzpolitecon.v14.n2.2022.1","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.1","url":null,"abstract":"","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115172324","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-25DOI: 10.14718/revfinanzpolitecon.v14.n2.2022.7
Stephen Taiwo Onifade, Abdul Qahar Khatir, A. Ay, Murat Canitez
This study investigates the impact of trade openness on the economic performances of selected Middle East and North Africa (MENA) countries while incorporating elements of domestic investment into the empirical analysis in the wake of dynamic sentiments for trade liberalization among nations in recent times. The study covers an empirical analysis of a panel of observations from the selected countries within the framework of the Fully Modified Least Square (FMOLS), and the Dynamic Ordinary Least Square (DOLS) regression techniques. The empirical results affirm the existence of a long-run relationship among the variables. However, while domestic investment and the size of the labor force significantly impact economic growth in the positive direction among these countries, trade openness was found to be negatively impacting on growth for the period of the study. It is therefore recommended that cogent effort should be directed towards investments that are crucial for the improvement of labor productivity and production value chains in the domestic economy to dissuade or minimize the rate of export of raw primary commodities. Also, adequate steps should be taken to improve the overall business environment, remove trade impediments, and strengthen institutions among the countries in the region to harness the benefits of trade in our increasingly globalized world.
{"title":"Reviewing Trade Openness, Domestic Investment, and Economic Growth Nexus: Contemporary Policy Implications for the MENA region","authors":"Stephen Taiwo Onifade, Abdul Qahar Khatir, A. Ay, Murat Canitez","doi":"10.14718/revfinanzpolitecon.v14.n2.2022.7","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.7","url":null,"abstract":"This study investigates the impact of trade openness on the economic performances of selected Middle East and North Africa (MENA) countries while incorporating elements of domestic investment into the empirical analysis in the wake of dynamic sentiments for trade liberalization among nations in recent times. The study covers an empirical analysis of a panel of observations from the selected countries within the framework of the Fully Modified Least Square (FMOLS), and the Dynamic Ordinary Least Square (DOLS) regression techniques. The empirical results affirm the existence of a long-run relationship among the variables. However, while domestic investment and the size of the labor force significantly impact economic growth in the positive direction among these countries, trade openness was found to be negatively impacting on growth for the period of the study. It is therefore recommended that cogent effort should be directed towards investments that are crucial for the improvement of labor productivity and production value chains in the domestic economy to dissuade or minimize the rate of export of raw primary commodities. Also, adequate steps should be taken to improve the overall business environment, remove trade impediments, and strengthen institutions among the countries in the region to harness the benefits of trade in our increasingly globalized world.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130542280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
El sector financiero se ha caracterizado históricamente por ser administrado por hombres. Para analizar si esta realidad persiste el presente trabajo tuvo por objetivo medir la diversidad de género y determinar el impacto en el rendimiento financiero. Se tomó una muestra de 31 cooperativas de ahorro y crédito del segmento I y también los 24 bancos privados del Ecuador. La diversidad de género se midió con tres indicadores: porcentaje de mujeres, Índice de BLAU y Shannon; y la variable rendimiento fue medida con el ROA y ROE y ratio de endeudamiento; que se relacionaron mediante modelos econométricos. Los resultados demuestran que las cooperativas tienen mayor diversidad de género que los bancos. Y la diversidad de género si incide en el ROA pero no en el ROE ni endeudamiento.
{"title":"La diversidad de género y el rendimiento en el sector financiero ecuatoriano","authors":"Edisson Coba, Jaime Díaz- Córdova, Geovany Carrion-Gavilanes, Daniela Chango-Casanova","doi":"10.14718/revfinanzpolitecon.v14.n2.2022.10","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.10","url":null,"abstract":"El sector financiero se ha caracterizado históricamente por ser administrado por hombres. Para analizar si esta realidad persiste el presente trabajo tuvo por objetivo medir la diversidad de género y determinar el impacto en el rendimiento financiero. Se tomó una muestra de 31 cooperativas de ahorro y crédito del segmento I y también los 24 bancos privados del Ecuador. La diversidad de género se midió con tres indicadores: porcentaje de mujeres, Índice de BLAU y Shannon; y la variable rendimiento fue medida con el ROA y ROE y ratio de endeudamiento; que se relacionaron mediante modelos econométricos. Los resultados demuestran que las cooperativas tienen mayor diversidad de género que los bancos. Y la diversidad de género si incide en el ROA pero no en el ROE ni endeudamiento.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115680301","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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