Work

Bank credit and economic growth:a dynamic panel data analysis

Year: 2012

Type: article

Abstract: This study examines the link between bank lending and economic growth for European Union (EU-27) for the period 1990 to 2010. We apply a dynamic panel data (GMM-system estimator). This estimator permits to solve the problems of serial correlation, heteroskedasticity and endogeneity for some explanatory variables. As the results show, savings promotes growth. The inflation and bank credit have a negative impact on economic growth as previous studies.

Source: RePEc: Research Papers in Economics

Author: Nuno Carlos Leitão

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W1535766413

FWCI: 6.839

Cites: 31

Cited by: 31

Related to: 10