<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422021000300010</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2021.2674</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Financial prudential behavior and economic growth]]></article-title>
<article-title xml:lang="es"><![CDATA[Comportamiento financiero prudencial y crecimiento económico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rivas-Aceves]]></surname>
<given-names><![CDATA[Salvador]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Dávila-Aragón]]></surname>
<given-names><![CDATA[Griselda]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Panamericana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2021</year>
</pub-date>
<volume>66</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422021000300010&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422021000300010&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422021000300010&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The 2008 global financial crisis showed not only that there is a link between real economy and financial markets, but also that financial stability is necessary for investment, innovation and of course economic growth. Regarding the link between real and financial sectors, several studies long before the 2008 financial crisis revealed positive impacts from financial sector on real economy, basically because a solid financial system promote physic and human capital accumulation, see Banerjee and Newman (1993) Galor and Zeira (1993), Aghion and Bolton (1997), Piketty (1997), Levine (1997), Levine and Zervos (1998), Rajan and Zingales (1998). When considering well-developed financial markets as economic growth promoters the researches of Levine (2005), Aghion et al. (2005) and Acemoglu et al. (2006) proved that financial develop indeed accelerates economic growth.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En un modelo de crecimiento de equilibrio general estocástico con una economía cerrada y sistema financiero se caracteriza el vínculo entre el sector real y el financiero. Los impactos negativos sobre el crecimiento ocurren cuando el mercado financiero muestra ineficiencias, que pueden corregirse mediante la regulación financiera, realizada por el gobierno a través de un impuesto sobre el rendimiento del capital. Una característica especial del modelo es que el análisis se hace con sectores productivos heterogéneos. Se realizan pruebas empíricas para corroborar los resultados teóricos mediante el uso de técnicas de mínimos cuadrados en un panel de datos definido para 17 países desarrollados y en desarrollo, con información de 1980 a 2017. En particular, son estimados efectos fijos y aleatorios en las especificaciones de sección transversal y temporal, incluyendo modelos pre-crisis, post-crisis y durante todo el intervalo de tiempo, considerando la crisis financiera del 2008 el punto de quiebre. Los principales resultados son: a) existe un vínculo natural entre el sector real y el financiero, b) existe un efecto negativo en el crecimiento debido a la asuencia de reasignaciones de capital, c) las reasignaciones de capital en sectores productivos solo ocurren si la productividad marginal del capital es mayor que los rendimientos del capital en el sistema financiero, d) la regulación financiera del gobierno corrige las ineficiencias financieras y por lo tanto caídas en la tasa de crecimiento económico, e) la regulación financiera se puede realizar aplicando un impuesto sobre el rendimiento del capital, f) la evidencia empírica confirma los resultados teóricos.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Financial market]]></kwd>
<kwd lng="en"><![CDATA[Regulation]]></kwd>
<kwd lng="en"><![CDATA[Efficiency of capital market]]></kwd>
<kwd lng="en"><![CDATA[Economic growth and macroeconomic equilibrium]]></kwd>
<kwd lng="es"><![CDATA[Regulación del mercado financiero]]></kwd>
<kwd lng="es"><![CDATA[Eficiencia del mercado de capitals]]></kwd>
<kwd lng="es"><![CDATA[Crecimiento económico y equilibrio macroeconómico]]></kwd>
</kwd-group>
</article-meta>
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