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Can Italy grow out of its NPL overhang? A panel threshold analysis

Kamiar Mohaddes (), Mehdi Raissi and Anke Weber ()

Economics Letters, 2017, vol. 159, issue C, 185-189

Abstract: This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel–threshold model with data on 17 Italian regions over the period 1997–2014, we find that growth above 1.2%, if sustained for a number of years, is associated with a significant decline in the NPL ratio.

Keywords: Italy; Non-performing loans; Growth; Panel tests of threshold effects (search for similar items in EconPapers)
JEL-codes: C23 E44 G33 (search for similar items in EconPapers)
Date: 2017
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Working Paper: Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis (2017) Downloads
Working Paper: Can Italy grow out of its NPL overhang? A panel threshold analysis (2017) Downloads
Working Paper: Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis (2017) Downloads
Working Paper: Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis (2017) Downloads
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