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Oil abundance, national oil companies and financial repression

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dc.contributor.advisorGarcía Suaza, Andrés Felipe
dc.contributor.advisorRodríguez Acosta, Mauricio Andrés
dc.creatorPérez Becerra, Roberto Rafael
dc.creator.degreeMagíster en Economía
dc.creator.degreeLevelMaestría
dc.date.accessioned2025-05-09T21:27:25Z
dc.date.available2025-05-09T21:27:25Z
dc.date.created2025-04-21
dc.descriptionEl artículo estudia como los arreglos institucionales que surgen en paises con abundancia de petróleo, caracterizados por la creación de una empresa estatal encargada del manejo de las actividades relacionadas con la industria petrolera y de la recepción de los ingresos petroleros, crea incentivos para que se apliquen controles a las tasas de interés (represión financiera) , que a corto plazo estimulan el crecimiento del crédito pero a largo plazo debilitan el crecimiento del crédito.
dc.description.abstractThis paper examines whether the ownership structure of oil companies in oil-rich countries affects the relationship between natural resource endowment and financial development. Specifically, it investigates if the banking sector tends to be more repressed in oil-abundant countries than in non-oil economies. Using the GMM dynamic panel system estimator on a large dataset covering 90 countries from 1973 to 2017, we find evidence that fiscal dependence on oil revenues, combined with national oil companies, encourages governments to implement financial repression measures that hinder the long-term development of the banking sector.
dc.format.extent28 pp
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.48713/10336_45301
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/45301
dc.language.isoeng
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.publisher.programMaestría en Economíaspa
dc.rightsAttribution-NoDerivatives 4.0 International*
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dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR
dc.subjectRepresion financiera
dc.subjectEmpresas petroleras públicas
dc.subjectAbundancia de petróleo
dc.subject.jelE43, E44, G20, O13
dc.subject.keywordFinancial repression
dc.subject.keywordNational oil companies
dc.subject.keywordCredit
dc.titleOil abundance, national oil companies and financial repression
dc.title.TranslatedTitleAbundancia de petrólero, empresas de petróleo nacionales y represión financiera
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dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.type.spaTesis de maestría
local.department.reportFacultad de Economía
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