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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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 &amp; 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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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 &amp; 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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

EUROPEAN FINANCIAL SYSTEMS 2018: PROCEEDINGS OF THE 15TH INTERNATIONAL SCIENTIFIC CONFERENCE

ISBN

9788021089808

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

810-817

Název nakladatele

Masaryk University

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

1. 1. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000462948800103