Leitão, Nuno Carlos (2012): Bank credit and economic growth.
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This manuscript examines the link between bank lending and economic growth for European Union (EU-27). The period was examined, between 1990 and 2010. We apply a dynamic panel data (GMM-System estimator). This estimator permits the researchers to solve the problems of serial correlation, heteroskedasticity and endogeneity for some explanatory variables .As the results show, savings indeed promotes growth. The inflation has a negative impact on economic growth as previous studies. Our results show that domestic credit discourages the growth.
|Item Type:||MPRA Paper|
|Original Title:||Bank credit and economic growth|
|English Title:||Bank credit and economic growth|
|Keywords:||Bank credit, economic growth, and panel data|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models
|Depositing User:||Nuno Carlos Leitão|
|Date Deposited:||18. Nov 2012 13:47|
|Last Modified:||24. Sep 2015 15:45|
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