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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|
checked on Jun 17, 2021
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