Kjosevski, Jordan (2011) Banking Sector Development and Economic Growth in Central and Southeastern Europe Countries. TRANSITION FINANCE AND BANKING RESEARCH, 19. pp. 461-473.
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Abstract
The aim of this paper is to empirically examine the relationship between
banking sector development and economic growth in 16 transition countries in
Central and Southeastern Europe in the period from 1995 to 2010. We apply fixedeffects
panel model and control for other relevant determinants of economic growth
and endogeneity. We measure the level of banking sector development using the
amount of bank credit allocated to the private sector as a share of GDP. The second
variable for the level of financial sector development is the margin between lending
and deposit interest rates. According to our results the amount of bank credit
allocated to the private sector, apparently does not speed up economic growth in
transition countries. The second variable, interest rate margin is negatively but not
significantly associated with economic growth.
| Item Type: | Article |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Depositing User: | UKLO Mrezha |
| Date Deposited: | 27 May 2024 06:06 |
| Last Modified: | 27 May 2024 06:06 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/9994 |
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