Inequality and credit growth in Russian regions

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F20%3A43916731" target="_blank" >RIV/62156489:43110/20:43916731 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.1016/j.econmod.2019.11.003" target="_blank" >https://doi.org/10.1016/j.econmod.2019.11.003</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.econmod.2019.11.003" target="_blank" >10.1016/j.econmod.2019.11.003</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Inequality and credit growth in Russian regions

Popis výsledku v původním jazyce

We test the Rajan hypothesis using data for Russian regions from 2000 (after the ruble crisis) to 2012 (before the introduction of international sanctions). The Rajan hypothesis predicts that rising income inequality leads politicians to expand credit for the poor, which in turn, fuels a consumer credit boom. Russia provides a unique research opportunity becaise it is a post-communist transition country with 75 diverse regions. We find that a rise in income inequality is positively correlated with personal loan growth in Russia. We also find a statistically weaker, albeit economically larger, relationship between economic inequality and corporate credit. Taken together, our results provide support for the Rajan hypothesis in a country with extreme regional differences and a long history of populist policies.

Název v anglickém jazyce

Inequality and credit growth in Russian regions

Popis výsledku anglicky

We test the Rajan hypothesis using data for Russian regions from 2000 (after the ruble crisis) to 2012 (before the introduction of international sanctions). The Rajan hypothesis predicts that rising income inequality leads politicians to expand credit for the poor, which in turn, fuels a consumer credit boom. Russia provides a unique research opportunity becaise it is a post-communist transition country with 75 diverse regions. We find that a rise in income inequality is positively correlated with personal loan growth in Russia. We also find a statistically weaker, albeit economically larger, relationship between economic inequality and corporate credit. Taken together, our results provide support for the Rajan hypothesis in a country with extreme regional differences and a long history of populist policies.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

<a href="/cs/project/GA19-22488S" target="_blank" >GA19-22488S: Interakce finančního sektoru a reálné ekonomiky</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název periodika

Economic Modelling

ISSN

0264-9993

e-ISSN

—

Svazek periodika

91

Číslo periodika v rámci svazku

September

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

9

Strana od-do

550-558

Kód UT WoS článku

000556551300040

EID výsledku v databázi Scopus

2-s2.0-85075438150