The effect of enterprise and household credit on economic growth: New evidence from European union countries

被引：50
|
作者：
Sassi, Seifallah [1 ]
Gasmi, Amira [1 ]
机构：
[1] IHEC Carthage, Lab Econ & Finance Appl, Carthage, Tunisia
来源：
JOURNAL OF MACROECONOMICS | 2014年 / 39卷
关键词：
Credit markets development; Economic growth; Household credit; Enterprise credit; Panel data; PANEL-DATA; CONSTRAINTS;
D O I：
10.1016/j.jmacro.2013.12.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Theories predict a positive effect of enterprise credit market development on economic growth and an ambiguous relationship between household credit market and growth. The purpose of this paper is to assess empirically the effects of enterprise credit market and household credit market on economic growth. The empirical study is based on estimations of OLS and IV regression and GMM dynamic panel data model. Using a sample of 27 European's countries over the period 1995-2012, empirical results shows that enterprise credit market affects positively economic growth whereas household credit market has a negative effect. Our finding gives an explanation of the negative effect of aggregate credit measures on economic growth in empirical literature as well as the heterogeneity of the credit-growth across country. (C) 2013 Elsevier Inc. All rights reserved.
引用
收藏
页码：226 / 231
页数：6
相关论文
共 50 条
  • [21] The Effect of European Union Enlargement on Economic Growth and Real Convergence of Central and East European Countries
    Rapacki, Ryszard
    Prochniak, Mariusz
    EKONOMISTA, 2010, (04): : 523 - 546
  • [22] CORRUPTION, CAPITAL ABUNDANCE AND ECONOMIC DEVELOPMENT: EVIDENCE FROM THE EUROPEAN UNION COUNTRIES
    Bilas, Vlatka
    Bosnjak, Mile
    Franc, Sanja
    CASOPIS ZA EKONOMIJU I TRZISNE KOMUNIKACIJE, 2015, 5 (02): : 211 - 228
  • [23] Economic policy uncertainty and bank credit growth: Evidence from European banks
    Danisman, Gamze Ozturk
    Ersan, Oguz
    Demir, Ender
    JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT, 2020, 57-58
  • [24] A Causality Analysis of Economic Growth and Union Density in European Countries
    Jaoul-Grammare, Magali
    Terraz, Isabelle
    LABOUR-ENGLAND, 2013, 27 (04): : 421 - 442
  • [25] The Influence of Monetary Policy on the Economic Growth in European Union Countries
    Idan, Adil Majeed
    Badan, Zahid Q.
    CUADERNOS DE ECONOMIA-SPAIN, 2022, 45 (127): : 156 - 162
  • [26] Economic freedom-growth nexus in European Union countries
    Kacprzyk, Andrzej
    APPLIED ECONOMICS LETTERS, 2016, 23 (07) : 494 - 497
  • [27] Modeling the impact of banking sector credit on growth performance: An empirical evidence of credit to household and enterprise in Pakistan
    Majeed, Sadaf
    Iftikhar, Syed Falzon
    Atiq, Zeeshan
    INTERNATIONAL JOURNAL OF FINANCIAL ENGINEERING, 2019, 6 (02)
  • [28] Pollution and economic growth: Evidence from Central and Eastern European countries
    Lazar, Dorina
    Minea, Alexandru
    Purcel, Alexandra-Anca
    ENERGY ECONOMICS, 2019, 81 : 1121 - 1131
  • [29] Does innovation promote economic growth? Evidence from European countries
    Maradana R.P.
    Pradhan R.P.
    Dash S.
    Gaurav K.
    Jayakumar M.
    Chatterjee D.
    Journal of Innovation and Entrepreneurship, 6 (1)
  • [30] Causality between credit depth and economic growth: evidence from 24 OECD countries
    Mikhail Stolbov
    Empirical Economics, 2017, 53 : 493 - 524
12345