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Title: Tell me where to stop: thresholds in the bank lending and output growth relationship
Authors: Koursaros, Demetris 
Savva, Christos S. 
Michail, Nektarios A. 
Major Field of Science: Social Sciences
Field Category: Economics and Business
Keywords: Lending;Growth;Correlation;Threshold points
Issue Date: Apr-2021
Source: Empirical Economics, 202, vol. 60, no. 4, pp. 1845 - 1873
Volume: 60
Issue: 4
Start page: 1845
End page: 1873
Journal: Empirical Economics 
Abstract: The relationship between the growth of financial development and output growth is examined both analytically and empirically, using a long series of data for the seven largest economies in the world. The findings suggest that, other things being constant, a positive relationship between lending and output growth exists, however with diminishing returns after a country-specific threshold. These findings assist in explaining the findings of earlier studies and bear various policy implications.
ISSN: 1435-8921
DOI: 10.1007/s00181-020-01823-5
Rights: © Springer
Type: Article
Affiliation : Cyprus University of Technology 
Central Bank of Cyprus 
Appears in Collections:Άρθρα/Articles

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