Loan Maturity Structure and the Actualization of Production

Jamil Chaya1

Applied Economics Quarterly (formerly: Konjunkturpolitik), 2021, vol. 67, issue 1, 27-45

Abstract: This paper investigates the relationship between bank credit maturity structure and economic growth of the respective economies at the state level within the United States. The results suggest that loan maturity structure in addition to interest rates and credit availability do significantly affect economic growth. Productive economies make greater use of both short and long term credit. The provision of longer term funding at the margin actualizes future production, experiencing greater productivity growth in the present.

Keywords: actualization of production; finance and growth; loan maturity structure; FDIC (search for similar items in EconPapers)
JEL-codes: E51 O42 O51 (search for similar items in EconPapers)
Date: 2021
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