Banking System Development and Economic Growth: Evidence from a Sample of High Income Countries and Low & Middle Income Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00106776" target="_blank" >RIV/00216224:14560/18:00106776 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Banking System Development and Economic Growth: Evidence from a Sample of High Income Countries and Low & Middle Income Countries
Original language description
This paper evaluates the relationship between banking system development and economic growth using data from 141 countries over the 1998 - 2015 period. Observed countries are also divided into two groups: high income countries and low & middle income countries. The set of explaining determinants describes three characteristics of the banking system - depth, efficiency and stability. The data is collected from following databases: World Development Indicators, Global Financial Development, KOF Index of Globalization and Financial Access Survey. Two-step system GMM estimator is used to address the issue of endogeneity. Robustness of the obtained results is tested with fixed-effects estimator. Using these methods we find that bigger banking system per se does not foster economic output, however its quality does. In case of high-income countries greater effect of banking sector instability on economic growth is observed.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
EUROPEAN FINANCIAL SYSTEMS 2018: PROCEEDINGS OF THE 15TH INTERNATIONAL SCIENTIFIC CONFERENCE
ISBN
9788021089808
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
810-817
Publisher name
Masaryk University
Place of publication
Brno
Event location
Brno
Event date
Jan 1, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000462948800103

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