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

Petkovski, Mihail and Kjosevski, Jordan (2014) Does banking sector development promote economic growth? An empirical analysis for selected countries in Central and South Eastern Europe. Economic Research-Ekonomska Istraživanja,, 27 (1). pp. 55-66.

Text 2014 Does banking sector development promote economic growth An empirical analysis for selected countries in Central and South Eastern Europe.pdf - Published Version Download (493kB)

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

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Depositing User:	UKLO Mrezha
Date Deposited:	27 May 2024 06:02
Last Modified:	27 May 2024 06:02
URI:	https://eprints.uklo.edu.mk/id/eprint/9989

Actions (login required)

View Item