Enterprise credit, household credit and growth: New evidence from 126 countries

Florian Leon

DEM Discussion Paper Series from Department of Economics at the University of Luxembourg

Abstract: This paper attempts to distinguish the effects of household and enterprise credit on Economic growth. To do so, I create a new, hand-collected database covering 143 countries over the period 1995-2014 (126 countries are employed for econometric analysis). Estimation results confirm recent evidence documenting the absence of the effect of total credit to growth. Findings also show that household credit has a negative effect on growth, but I fail to provide robust support for a positive effect of business credit.

Keywords: Financial development; Household credit; Enterprise credit; Economic growth (search for similar items in EconPapers)
JEL-codes: E44 G21 O16 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cfn, nep-fdg, nep-mac and nep-sbm
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:16-17

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