Análisis multicausal de Panel Cointegrado para el periodo 2000-2010 en el sistema microfinanciero boliviano

There are analyzed the effects of the economic-financial variables as the microcredit, credit of consumption, mortgage loan of housing, the rate of royal interest and the economic growth in the total portfolio of the system microfinaciero of Bolivia. The approach is based on the classification of the total portfolio according to type of credit, of agreement to the classification of the authority of supervision of the financial system of Bolivia (asfi). To be able to analyze these effects it uses as methodology econométrica, the models of information of static and dynamic panel (pooled regression, fixed effects, random effects and dynamic panel). The results show, that all the mentioned factors help to explain the total portfolio of the microfinancial system in Bolivia.