THE IMPACT OF THE CREDIT EXPANSION PROCESS ON SOCIAL WELFARE IN THE AREA OF CENTRAL AND SOUTH-EASTERN EUROPE

Stanislav Percic
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Stanislav Percic: Alexandru Ioan Cuza University of Iasi, Doctoral School of Economics and Business Administration (DSEBA)

SEA - Practical Application of Science, 2014, issue 5, 511-518

Abstract: This study aims at performing an econometric analysis of the credit expansion process and social welfare from a comparative perspective, with a focus on eight developing and advanced economies from Central and South-Eastern Europe (including the case of Romania). The author aims to better understand the real impact of the credit expansion process on social welfare through the financial dimension. In order to achieve this aim, the research seeks to analyze the short-term dynamics (from one quarter to the other) of the relationships between the total volume of credits given to the non-banking private sector by the credit institutions (highlighting thus the credit expansion process) and the GDP per capita and GDP per person employed (proxies for social welfare). The usefulness of the present study becomes higher given the fact that nowadays the socio-economic development is often assisted by a stronger and more acute crisis.

Keywords: Credit expansion; Social welfare; GDP per capita; GDP per person employed (search for similar items in EconPapers)
JEL-codes: C01 E32 E51 I31 O15 O57 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2014:i:5:p:511-518

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