THE EFFECT OF M3 MONETARY AGGREGATES AND BANK LOANS ON THE ECONOMIC GROWTH OF COUNTRIES IN THE EUROZONE, US AND JAPAN
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F17%3A39911412" target="_blank" >RIV/00216275:25410/17:39911412 - isvavai.cz</a>
Result on the web
<a href="https://download.upce.cz/fes/scipap/SciPap-D-40.pdf#page=28" target="_blank" >https://download.upce.cz/fes/scipap/SciPap-D-40.pdf#page=28</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
THE EFFECT OF M3 MONETARY AGGREGATES AND BANK LOANS ON THE ECONOMIC GROWTH OF COUNTRIES IN THE EUROZONE, US AND JAPAN
Original language description
This paper examines the influence of selected indicators of the banking sector (M3 monetary aggregates and bank loans provided to the non-financial private sector and on economic growth (GDP) in the Eurozone, the USA and Japan. Cointegration of these selected indicators of the banking sector has been demonstrated in relation to the development of GDP using the Engle - Granger cointegration test. These tests were applied to selected statistical data from the years 2000 to 2015. The first was to determine the optimum delay using Akaike criteria for all-time series analysed. Then the presence of a unit root was analysed using the Dickey - Fuller test. Based on the test results, time series were excluded which appear to be stationary. If the conditions were met, testing then continued with the Engle - Granger test to detect cointegration relations, which would determine a relationship between selected variables. Based on these tests, it was found that at a significance level of 0.05, no cointegration relationship exists between any of the time series in the countries surveyed.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Scientific Papers of the University of Pardubice - Series D, Faculty of Economics and Administration
ISSN
1211-555X
e-ISSN
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Volume of the periodical
2
Issue of the periodical within the volume
2.6.2017
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
12
Pages from-to
27-38
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85020628890