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Tell me where to stop: thresholds in the bank lending and output growth relationship

Demetris Koursaros (), Nektarios Michail and Christos Savva ()

Empirical Economics, 2021, vol. 60, issue 4, No 9, 1845-1873

Abstract: Abstract The relationship between the growth of financial development and output growth is examined both analytically and empirically, using a long series of data for the seven largest economies in the world. The findings suggest that, other things being constant, a positive relationship between lending and output growth exists, however with diminishing returns after a country-specific threshold. These findings assist in explaining the findings of earlier studies and bear various policy implications.

Keywords: Lending; Growth; Correlation; Threshold points (search for similar items in EconPapers)
JEL-codes: C32 E51 E60 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s00181-020-01823-5

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