El efecto del microcrédito en el PIB de Colombia, 2005-2018

Translated title of the contribution: The effect of microcredit on Colombia's GDP, 2005-2018

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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.

Translated title of the contributionThe effect of microcredit on Colombia's GDP, 2005-2018
Original languageSpanish
Pages (from-to)3-34
Number of pages32
JournalProblemas del Desarrollo
Volume52
Issue number204
DOIs
StatePublished - 21 Sep 2022

Keywords

  • microfinance
  • microcredit
  • financial system
  • GDP
  • economic growth

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