<?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>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552025000200049</article-id>
<article-id pub-id-type="doi">10.24275/uam/azc/dcsh/ae/2025v40n104/hernandez</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Sistema financiero y crecimiento económico en México: 2003-2020]]></article-title>
<article-title xml:lang="en"><![CDATA[Financial system and economic growth in Mexico: 2003-2020]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Hernández Soto]]></surname>
<given-names><![CDATA[Rosaura Isabel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Soto Zazueta]]></surname>
<given-names><![CDATA[Irvin Mikhail]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gaytán Alfaro]]></surname>
<given-names><![CDATA[Edgar David]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Sinaloa  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Sinaloa  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,El Colegio de la Frontera Norte, A.C.  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2025</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2025</year>
</pub-date>
<volume>40</volume>
<numero>104</numero>
<fpage>49</fpage>
<lpage>66</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552025000200049&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552025000200049&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552025000200049&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Existen diversos estudios económicos que no logran aclarar si el sistema financiero es el motor del crecimiento económico, o viceversa, o si están mutuamente determinados. Por consiguiente, el propósito de este estudio fue determinar, si ¿El sistema financiero ha ejercido una relación correlacional sobre el crecimiento económico de México en los años 2003-2020? El límite temporal del tema de investigación es longitudinal, aplicando un modelo econométrico de series de tiempo, se utilizaron las bases de datos de INEGI, Banco de México, Banco Mundial y Fondo Monetario Internacional. Entre los hallazgos más destacados se concluye que los indicadores financieros que fueron seleccionados en el estudio ejercen una relación correlacional en el crecimiento económico de México, se evidenció cointegración y causalidad en el corto plazo y largo plazo, resultando en una influencia positiva hacia el crecimiento económico del país.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract There are various economic studies that fail to clarify whether the financial system is the engine of economic growth, or vice versa, or if they are mutually determined. Therefore, the purpose of this study was to determine if the financial system has exerted a correlation relationship on the economic growth of Mexico in the years 2003-2020? The temporal limit of the research topic is longitudinal, applying an econometric model of time series, the databases of INEGI, Bank of Mexico, World Bank and International Monetary Fund were used. Among the most notable findings, it is concluded that the financial indicators that were selected in the study exert a statistical correlation relationship in the economic growth of Mexico, cointegration and causality were evident in the short term and long term, resulting in a positive influence towards economic growth to the country.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Sistema financiero]]></kwd>
<kwd lng="es"><![CDATA[Indicadores financieros]]></kwd>
<kwd lng="es"><![CDATA[Desarrollo financiero]]></kwd>
<kwd lng="es"><![CDATA[Crisis financiera]]></kwd>
<kwd lng="es"><![CDATA[Crecimiento económico]]></kwd>
<kwd lng="en"><![CDATA[Financial system]]></kwd>
<kwd lng="en"><![CDATA[Financial indicators]]></kwd>
<kwd lng="en"><![CDATA[Financial development]]></kwd>
<kwd lng="en"><![CDATA[Financial crisis]]></kwd>
<kwd lng="en"><![CDATA[Economic growth]]></kwd>
</kwd-group>
</article-meta>
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