The Effects of Financial Development on Economic Growth in the European Union: A Panel Data Analysis
International Journal of Economic Practices and Theories
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Title |
The Effects of Financial Development on Economic Growth in the European Union: A Panel Data Analysis
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Creator |
ARIÇ, Kıvanç Halil
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Subject |
Economics, Econometrics, regional economics
financial development, economic growth, European Union, panel data C01, C23, G23, O47, O52, R11 |
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Description |
In this study, panel data method was used in order to analyze the relationship between financial development and economic growth in European Union. The analysis contains the period between 2004 and 2012. While Domestic Credit to Private Sector as % of GDP affects growth negatively, Capitalization Ratio and Money and Quasi Money M2 as %of GDP affect growth positively. As dummy variable, it was determined that the year of 2009 had a huge negative impact on growth of European Union countries.
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Publisher |
International Journal of Economic Practices and Theories
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Contributor |
—
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Date |
2014-07-01
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
http://www.ijept.org/index.php/ijept%20/article/view/The_Effects_of_Financial_Development_on_Economic_Growth_in_the_European_Union_A_Panel_Data_Analysis
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Source |
International Journal of Economic Practices and Theories; Vol 4, No 4 (2014); 466-471
2247 – 7225 |
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Language |
eng
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Relation |
http://www.ijept.org/index.php/ijept%20/article/view/The_Effects_of_Financial_Development_on_Economic_Growth_in_the_European_Union_A_Panel_Data_Analysis/pdf_4_4_5
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