Resumen

GARZA GARZA, Óscar Javier de la  y  MARTINEZ IBARRA, Raúl Ángel. La desvinculación del sector financiero con la economía real en el caso mexicano: una prueba de cointegración. Econ: teor. práct [online]. 2014, n.41, pp.107-126. ISSN 2448-7481.

This paper's main objective is to analyze whether the financial sector is linked to the real economy in Mexico. To accomplish this goal, it is contemplated using cointegration techniques that allow to precisely prove the existence of long-term relationships between variables. The evidence indicates that before the global stock market crash of October 2008, the real economy was linked to the financial sector, specifically with the securities industry. After the stock market crash, the evidence is that the real economy and loans from commercial banks maintain a long term relationship.

Palabras llave : financial sector; real economy; time series; cointegration; decoupling.

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