Abstract

TELLEZ-LEON, Isela Elizabeth  and  VENEGAS-MARTINEZ, Francisco. INFLUENCE OF PRICE STABILITY AND PERFORMANCE OF THE FINANCIAL SYSTEM IN ECONOMIC GORWTH IN MEXICO 1994-2013. Semest. Econ. [online]. 2013, vol.16, n.34, pp.41-63. ISSN 0120-6346.

This paper analyses the influence of the financial system in economic growth and the relation that system has in the price stability and other macroeconomic variables between 1994 and 2013. For this purpose an Autoregressive Vector model is estimated, the impulse-response functions are studied, the decomposition of the variance is analyzed and a Ganger causality test is performed. Evidence is found that in Mexico the stability of prices and the financial system has influenced economic growth.

Keywords : Price stability; economic growth; financial system; autoregressive vectors.

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