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2016 | Vol. 14, z. 5 Transformacja, integracja i kryzysy w Europie Środkowej i Wschodniej | 163--182
Tytuł artykułu

Zależność między rozwojem i stabilnością sektora finansowego a tempem wzrostu gospodarczego w krajach Unii Europejskiej ze szczególnym uwzględnieniem państw Europy Środkowo- -Wschodniej

Warianty tytułu
The Relationship Between the Development and Stability of the Financial Sector and Economic Growth in the European Union Countries with a Special Focus on Central and Eastern European Countries
Języki publikacji
PL
Abstrakty
EN
The paper presents the analysis of the impact of the development and stability of the financial sector on economic growth. The study covers 26 EU countries and the 1993-2013 period. We include four financial sector variables: domestic credit to private sector, non-performing loans, market capitalization and number of listed companies. Main elements of novelty are: testing a nonlinear relationship between financial sector development and economic growth, the inclusion of a moving panel with 5-year overlapping sub-periods, and the robustness analysis for various subgroups of countries. Our results demonstrate that domestic credit and market capitalization of listed companies both have a nonlinear impact on economic growth reflected by a downward sloping parabola. Non-performing loans exhibit a clear negative influence on GDP dynamics.(original abstract)
Twórcy
  • Szkoła Główna Handlowa w Warszawie
  • Szkoła Główna Handlowa w Warszawie
Bibliografia
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171501345

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