Bank Credit and Economic Growth: A Dynamic Panel Data Analysis

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.

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Year of publication:	2012
Authors:	Leitão, Nuno Carlos
Published in:	Economic Research Guardian. - Weissberg Publishing. - Vol. 2.2012, 2, p. 256-267
Publisher:	Weissberg Publishing
Subject:	Economic Growth \| Bank Credit \| Panel Data

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Extent:	application/pdf
Type of publication:	Article
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; O16 - Financial Markets; Saving and Capital Investment ; C33 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010709713