Does banking sector development promote economic growth? An empirical analysis for selected countries in Central and South Eastern Europe

Mihail Petkovski and Jordan Kjosevski

Economic Research-Ekonomska Istraživanja, 2014, vol. 27, issue 1, 55-66

Abstract: Economic growth is one of the ultimate goals of any economic system. This article examines the question whether in 16 transition economies from Central and South Eastern Europe the banking sector influences economic growth. The empirical investigation was carried out using a generalised method of moments (GMM) dynamic panel method. We measure the development in the banking sector using the bank credit to the private sector, interest rates, and ratio of quasi money (RQM). The research results show that credit to the private sector and interest margin (IM) are negatively related to the economic growth, while RQM is positively related to economic growth.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2014.947107 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:reroxx:v:27:y:2014:i:1:p:55-66

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2014.947107

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().