Bank credit and economic growth: Short-run evidence from a dynamic threshold panel model

Sok Heng Lay

Economics Letters, 2020, vol. 192, issue C

Abstract: This paper investigates short-run nonlinear impacts of bank credit on economic growth in 17 advanced economies from 1870 to 2013. An inverted U-shaped relationship and credit threshold of 135% is statistically and significantly identified in the post-World War II sample.

Keywords: Bank credit; Economic growth; Dynamic threshold estimation (search for similar items in EconPapers)
JEL-codes: E51 G21 N10 O41 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:192:y:2020:i:c:s0165176520301610

DOI: 10.1016/j.econlet.2020.109231

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