A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis
| Autor: | Nuri Hacievliyagil, İbrahim Halil Ekşi |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Distributed lag
Variables l69 HF5001-6182 manufacturing sector e59 media_common.quotation_subject Industrial production Industrial production index Monetary economics o47 economic growth General Business Management and Accounting Causality Interest rate Bank credit Loan Economics Business bank credit General Economics Econometrics and Finance media_common |
| Zdroj: | South East European Journal of Economics and Business, Vol 14, Iss 1, Pp 72-91 (2019) |
| ISSN: | 2233-1999 |
| DOI: | 10.2478/jeb-2019-0006 |
| Popis: | This study examines the relationship between bank credits and performance and growth of manufacturing sub-sectors. Industrial Production Index was used for a different approach as a dependent variable. Indications of the autoregressive distributed lag (ARDL) bound co-integration test support the theory that bank credits are more effective than loan rates on industrial production of sub-sectors. Moreover, the increase in bank credit leads to the rise of industrial production in all the sub-sectors, except Machinery. According to the Toda Yomamato causality test results, there are different degrees of causalities in means of the importance of bank loans for industrial production. On the other hand, in all sub-sectors except machinery and chemical sub-sectors, causality relations were observed at different grades beginning from loan interest rates to industrial production. As a result, this study concludes with the evidence of supply leading hypothesis via the financial sector leads and causes economic growth. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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