Piața financiară și creșterea economică:evidențe empirice pentru țările central și esteuropene
Financial market and economic growth: empirical evidence for Central and Eastern European countries
Author(s): Iulian-George MîșuSubject(s): Economy, Supranational / Global Economy, Financial Markets
Published by: EDITURA ASE
Keywords: financial market; growth; credit; OLS; panel; VAR;
Summary/Abstract: The aim of this paper is to analyze the relationship between the financial market and economic growth on a sample of six emerging countries, members of the European Union. For this purpose, we will use the OLS estimator and a panel model. The empirical results obtained so far show the existence of a two-way causality between the financial market and economic growth. However, following the use of a VAR model, it turned out that the influence of economic growth on the banking system development is significantly stronger than vice versa.
Journal: Colecția de working papers "ABC-ul Lumii Financiare"
- Issue Year: 2019
- Issue No: 8
- Page Range: 362-385
- Page Count: 24
- Language: Romanian