Hwang, Sunjoo - In: KDI Journal of Economic Policy 42 (2020) 1, pp. 31-56
is an inverse U-shaped relationship between the per capita real GDP growth rate and private credit (as a percentage of … that private credit is positively associated with economic growth if the share of household credit out of private credit is … less than 46.9%; otherwise, private credit is negatively associated with economic growth. As of 2016, the ratio of private …