Evaluation of the space-time effects of Covid-19 on household loans and savings in Romania - A spatial panel data approach at county level

Ștefana Belbe, Darie Moldovan, Alin Marius Andrieș, Philipp Otto and Codruța Mare

Emerging Markets Review, 2024, vol. 63, issue C

Abstract: This article examines the effects of the Covid-19 crisis on the banking sector of Romania using a spatial panel dataset of 21 months, from April 2020 to December 2021, among 41 counties. The empirical setup exploits the spatial and time-series variations of the banking sector during the pandemic via means of exploratory data analysis, simple linear models for each month with spatial diagnosis, and spatial panel data models with fixed effects. County-level differences and particular disturbances in the trend of banking services are highlighted against the turning points of the pandemic. We show that increasing Covid-19 infections result in higher loans and savings per capita, with significant spatial interactions given by the neighboring counties.

Keywords: Covid-19; Banking; Space-time analysis; Loans; Savings (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:63:y:2024:i:c:s1566014124001043

DOI: 10.1016/j.ememar.2024.101209

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