Social Capital and Financial Credit Markets: Credit Demand in Mexico, 2010
In the presence of market failures, people need to find acceptable mechanisms to reduce uncertainty and maximize potential benefits. Because the principal failure is the asymmetry of information available, people resort to channels that transmit information to compensate for these drawbacks. These c...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2016 |
| País: | México |
| Institución: | UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO |
| Repositorio: | Problemas del Desarrollo. Revista Latinoamericana de Economía |
| Idioma: | español inglés |
| OAI Identifier: | oai:ojs.pkp.sfu.ca:article/53456 |
| Acceso en línea: | https://www.probdes.iiec.unam.mx/index.php/pde/article/view/53456 |
| Access Level: | acceso abierto |
| Palabra clave: | social capital credit financial markets financial services linear models capital social créditos, mercados financieros servicios financieros modelos lineales |
| Sumario: | In the presence of market failures, people need to find acceptable mechanisms to reduce uncertainty and maximize potential benefits. Because the principal failure is the asymmetry of information available, people resort to channels that transmit information to compensate for these drawbacks. These channels are networks of social relationships. This phenomenon is referred to as Social Capital, the network of people that an individual possesses, and whose use could bring about benefits. In the case of the financial market (especially the credit market), people make use of Social Capital when making decisions within the market. Through a series of linear models, drawing on data from wvs-2010 and enigh-2010, it was found that credit demand responds to a few variables that indicate individuals’ perceptions of their environment (information). |
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