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المؤلفSeifallah, Sassi
المؤلفBen Ali, Mohamed Sami
تاريخ الإتاحة2016-04-27T11:24:03Z
تاريخ النشر2014-07
اسم المنشورEconomic Notes
الاقتباسSeifallah, S., Sami, B.A.M. The Credit-Growth Nexus: New Evidence from Developing and Developed Countries (2014) Economic Notes, 43 (2), pp. 115-135.
الرقم المعياري الدولي للكتاب0391-5026
معرّف المصادر الموحدhttp://dx.doi.org/10.1111/ecno.12017
معرّف المصادر الموحدhttp://hdl.handle.net/10576/4461
الملخصThe purpose of this paper is to assess the relationship between credit market development and economic growth for a heterogeneous panel of 20 developing and developed countries with varied growth experiences. The empirical study is based on estimations of generalized method of moments (GMM) and pooled mean group (PMG) on heterogeneous panel data model. Difference GMM estimation indicates that credit market development has a negative effect on economic growth. This result is robust for our full sample and for the subsample of non-OECD countries, but not for the subsample of OECD countries. However, using a PMG model, we provide evidence of a positive impact in the long run between credit market development and economic growth. When considering heterogeneity in the short-run relationship across countries, our findings suggest that the credit–growth relationship is specific across countries, depending on each country-specific legal and macroeconomic environment.
اللغةen
الناشرJohn Wiley & Sons Ltd.
الموضوعEconomic growth
Dynamic growth model
Credit development
العنوانThe Credit–Growth Nexus: New Evidence from Developing and Developed Countries
النوعArticle
الصفحات115-135
رقم العدد2
رقم المجلد43
dc.accessType Open Access


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