Empirical studies suggest that credit constraints prevent the development of Micro and Small Enterprises (MSEs). This study contributes to the analysis by exploring whether higher regional financial development affects the creation and growth of MSEs in Peru. Based on four cross-sectional databases, mainly the 2018 National Household Survey on Living Conditions and Poverty, this paper finds that there is a positive impact on entrepreneur profits; however, the effect is negative on the likelihood of running a business. Interactions between informality and financial frictions may explain this result. Informal financing emerges as an alternative in this context. This study addresses endogeneity issues by using the number of commercial bank branches per 1,000 inhabitants in 1995 as an instrument of the degree of regional financial development in 2018.

Empirical studies suggest that credit constraints prevent the development of Micro and Small Enterprises (MSEs). This study contributes to the analysis by exploring whether higher regional financial development affects the creation and growth of MSEs in Peru. Based on four cross-sectional databases, mainly the 2018 National Household Survey on Living Conditions and Poverty, this paper finds that there is a positive impact on entrepreneur profits; however, the effect is negative on the likelihood of running a business. Interactions between informality and financial frictions may explain this result. Informal financing emerges as an alternative in this context. This study addresses endogeneity issues by using the number of commercial bank branches per 1,000 inhabitants in 1995 as an instrument of the degree of regional financial development in 2018.

Financial systems around the world have undergone considerable development. This paper analyzes the effect of financial development on economic growth. It replicates the estimation of Beck et al. (2000), one of the pioneering research papers in this field. Then, it tests the sensibility of the results by expanding the sample of countries (99) and the period (1961–2010). This study contributes to the literature by analyzing differentiated effects when a country’s economic conditions are incorporated. The results show that the positive impact of financial development on economic growth found by Beck et al. (2000) becomes non-significant if financial crises and macroeconomic instability periods are taken into account. However, if income per capita level is considered, the impact becomes positive and significant in high-income countries and decreases in low-income per capita countries. T...

Empirical studies suggest that credit constraints prevent the development of Micro and Small Enterprises (MSEs). This study contributes to the analysis by exploring whether higher regional financial development affects the creation and growth of MSEs in Peru. Based on four cross-sectional databases, mainly the 2018 National Household Survey on Living Conditions and Poverty, this paper finds that there is a positive impact on entrepreneur profits; however, the effect is negative on the likelihood of running a business. Interactions between informality and financial frictions may explain this result. Informal financing emerges as an alternative in this context. This study addresses endogeneity issues by using the number of commercial bank branches per 1,000 inhabitants in 1995 as an instrument of the degree of regional financial development in 2018.

Financial systems around the world have undergone considerable development. This paper analyzes the effect of financial development on economic growth. It replicates the estimation of Beck et al. (2000), one of the pioneering research papers in this field. Then, it tests the sensibility of the results by expanding the sample of countries (99) and the period (1961–2010). This study contributes to the literature by analyzing differentiated effects when a country’s economic conditions are incorporated. The results show that the positive impact of financial development on economic growth found by Beck et al. (2000) becomes non-significant if financial crises and macroeconomic instability periods are taken into account. However, if income per capita level is considered, the impact becomes positive and significant in high-income countries and decreases in low-income per capita countries. T...

Financial systems around the world have undergone considerable development. This paper analyzes the effect of financial development on economic growth. It replicates the estimation of Beck et al. (2000), one of the pioneering research papers in this field. Then, it tests the sensibility of the results by expanding the sample of countries (99) and the period (1961–2010). This study contributes to the literature by analyzing differentiated effects when a country’s economic conditions are incorporated. The results show that the positive impact of financial development on economic growth found by Beck et al. (2000) becomes non-significant if financial crises and macroeconomic instability periods are taken into account. However, if income per capita level is considered, the impact becomes positive and significant in high-income countries and decreases in low-income per capita countries. T...

Empirical studies suggest that credit constraints prevent the development of Micro and Small Enterprises (MSEs). This study contributes to the analysis by exploring whether higher regional financial development affects the creation and growth of MSEs in Peru. Based on four cross-sectional databases, mainly the 2018 National Household Survey on Living Conditions and Poverty, this paper finds that there is a positive impact on entrepreneur profits; however, the effect is negative on the likelihood of running a business. Interactions between informality and financial frictions may explain this result. Informal financing emerges as an alternative in this context. This study addresses endogeneity issues by using the number of commercial bank branches per 1,000 inhabitants in 1995 as an instrument of the degree of regional financial development in 2018.

El presente trabajo de investigación título: Transgresión del principio de proporcionalidad de las sanciones en el delito de cohecho pasivo propio Lima Centro 2018, tiene por objetivo determinar el grado de transgresión del principio de proporcionalidad de las sanciones en las penas impuestas en el delito de cohecho pasivo propio en el ejercicio de la función policial Lima Centro 2018. En la actualidad la comisión de este delito se incrementó con la incorporación del articulo delito de cohecho pasivo propio en la función policial, así como con la modificación de la pena privativa de libertad siendo no menor de cinco ni mayor de diez; trasgrediendo el principio de proporcionalidad de las sanciones establecidas en el Título Preliminar del Código Penal. El diseño de investigación es descriptivo-correlacional, método y técnica, es hipotético-deductivo, el instrumento es la ...

Conocer las características del uso y la percepción de la eficacia, seguridad y calidad de los productos naturales entre los usuarios de cadenas de boticas de la ciudad de Ica Estrategia metodológica. Investigación cuantitativa. Descriptiva. Diseño no experimental. Muestra 200 Usuarios o personas que adquirieron medicamentos en las cadenas de boticas abordados a la salida del establecimiento. Técnica, encuesta. Instrumento, cuestionario estructurado en tres apartados: primero, datos sociodemográficos; segundo, cuestionario sobre percepciones (escala Likert); tercero, cuestionario sobre las características del uso de productos de salud naturales, considerando vitaminas, minerales, plantas medicinales o derivados, entre otros. Resultados y conclusiones. 115 participantes utilizaron productos naturales: 55,75% de sexo femenino y 44,3% de sexo masculino. La edad media es de 42,35 añ...