Abstract

MARTINEZ GAMEZ, Ángel E.. Financial development and economic growth in Venezuela: An econometric model for the period 1963-2008. Perf. de Coyunt. Econ. [online]. 2012, n.19, pp.113-137. ISSN 1657-4214.

The relationship between financial development and economic growth is subject of analysis in many studies worldwide. Financial development is a necessary condition more enough not for the growth of economies. This paper analyzes the relationship between financial development and economic growth in Venezuela for the period 1963-2008. Using an econometric model, results mainly show a positive relationship between financial indicators and indicators of economic growth, manufactured from economic and financial data available.

Keywords : Financial development; financial institutions; economic growth; time series.

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