THE EFFECT OF M3 MONETARY AGGREGATES AND BANK LOANS ON THE ECONOMIC GROWTH OF COUNTRIES IN THE EUROZONE, US AND JAPAN
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
THE EFFECT OF M3 MONETARY AGGREGATES AND BANK LOANS ON THE ECONOMIC GROWTH OF COUNTRIES IN THE EUROZONE, US AND JAPAN
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
THE EFFECT OF M3 MONETARY AGGREGATES AND BANK LOANS ON THE ECONOMIC GROWTH OF COUNTRIES IN THE EUROZONE, US AND JAPAN
Popis výsledku anglicky
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.
Klasifikace
Druh
J<sub>SC</sub> - Článek v periodiku v databázi SCOPUS
CEP obor
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OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
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Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2017
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Scientific Papers of the University of Pardubice - Series D, Faculty of Economics and Administration
ISSN
1211-555X
e-ISSN
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Svazek periodika
2
Číslo periodika v rámci svazku
2.6.2017
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
12
Strana od-do
27-38
Kód UT WoS článku
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EID výsledku v databázi Scopus
2-s2.0-85020628890