Resumen

RIVAS ACEVES, Salvador. Can financial regulation promote economic growth?. Argumentos (Méx.) [online]. 2012, vol.25, n.70, pp.149-170. ISSN 0187-5795.

The effects of a financial market on growth are studied. By using a model of stochastic endogenous growth with two types of financial markets (efficient and inefficient) the macroeconomic equilibrium is characterized and shows that negative impacts on growth appear when financial market is inefficient. Therefore regulation on financial market can be applied, by a capital revenue tax, in order to restore macroeconomic equilibrium.

Palabras llave : financial market; regulation; capital market efficiency; economic growth; macroeconomic equilibrium.

        · resumen en Español     · texto en Español     · Español ( pdf )