Causal relation between economic growth and domestic credit in the economic globalization: Evidence from the Hatemi-J's test

Giray Gözgör

The Journal of International Trade & Economic Development, 2015, vol. 24, issue 3, 395-408

Abstract: This paper empirically examines causality relationship between economic growth and domestic credit in the economic globalization in 58 developed and developing countries over the period 1970-2010. We use the asymmetric Granger causality test that is based on modified Wald test statistics within bootstrapped critical values. We find a significant causality from domestic credit to economic growth only in seven developing countries. Furthermore, there is a unidirectional causality from economic growth to domestic credit in five developed and 10 developing economies.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:taf:jitecd:v:24:y:2015:i:3:p:395-408

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DOI: 10.1080/09638199.2014.908325

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