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 contribution | The effect of microcredit on Colombia's GDP, 2005-2018 |
|---|---|
| Original language | Spanish |
| Pages (from-to) | 3-34 |
| Number of pages | 32 |
| Journal | Problemas del Desarrollo |
| Volume | 52 |
| Issue number | 204 |
| DOIs | |
| State | Published - 21 Sep 2022 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 1 No Poverty -
SDG 5 Gender Equality -
SDG 8 Decent Work and Economic Growth
Keywords
- microfinance
- microcredit
- financial system
- GDP
- economic growth
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