Analysis of financial deepening and its link with the industrial sector in Nicaragua 2006–2024
Keywords:
Financial depth, financial sector, Machine learning, Gross domestic productAbstract
The term financialization has become relevant in recent decades, reflecting the prominence of the financial sector in the global economy. Although there is no universally accepted definition, its roots can be traced back to the 19th century with industrial capitalism and the expansion of the financial system, intensifying in the second half of the 20th century due to globalization, financial deregulation, and neoliberal policies (Lapavitsas, 2016). Financialization refers to the process by which financial activities, such as asset issuance and speculation, dominate the economy, shifting the focus from real production to the generation of financial profits (Foster and Magdoff, 2009). In this context, the study focuses on assessing the degree of depth in Nicaragua, using machine learning tools.
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