Bank Credit and Economic Growth: A Dynamic Panel Data Analysis
Nuno Leitão
Economic Research Guardian, 2012, vol. 2, issue 2, 256-267
Abstract:
This study examines the link between bank lending and economic growth for European Union (EU-27) for the period 1990 to 2010. We apply a dynamic panel data (GMM-system estimator). This estimator permits to solve the problems of serial correlation, heteroskedasticity and endogeneity for some explanatory variables. As the results show, savings promotes growth. The inflation and bank credit have a negative impact on economic growth as previous studies.
Keywords: Economic Growth; Bank Credit; Panel Data (search for similar items in EconPapers)
JEL-codes: C33 G21 O16 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (4)
Downloads: (external link)
http://www.ecrg.ro/files/p2012.2(2)17y8.pdf (application/pdf)
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:wei:journl:v:2:y:2012:i:2:p:256-267
Access Statistics for this article
Economic Research Guardian is currently edited by Mihai Mutascu
More articles in Economic Research Guardian from Mutascu Publishing
Bibliographic data for series maintained by Mihai Mutascu ().