Micro-credit and micro-enterprise as agents of dynamism in the ecuadorian economy and its contribution to PIB

Abstract

This research aims to establish the level of contribution of microenterprise and microcredit to the dynamics of the Ecuadorian economy and its contribution to GDP. Its methodological foundation is descriptive – analytical and correlational; For the contrast of variables, linear regression was used as a statistical model and to check if there is a correlation between them, the Pearson statistic; The data were obtained from official sources, such as: Central Bank of Ecuador, Superintendency of Companies, Securities and Insurance, National Institute of Statistics and Censuses, Association of Banks of Ecuador, scientific articles, etc.; The method used was deductive, the research is non-experimental and cross-sectional. Among the results obtained, it can be established that the relationship with the GDP against the variables evolution of the microenterprise, employment generated by the microenterprises and total sales volumes of the same, show that for the first relationship the Correlation Coefficient (CC) is positive 0.88; Therefore, the relationship is direct and the associativity is strong between variables. In the second relationship, the CC is positive between variables 0.46, direct and has a weak level of associativity; and, for the third relationship, the CC is positive 0.62, direct and the associativity is moderate, concluding that microcredit and microenterprise contribute to the dynamics of the Ecuadorian economy, generating employment, entrepreneurship, allowing the business fabric and the diversification of the production.