کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5101015 | 1479103 | 2016 | 72 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Private credit spillovers and economic growth: Evidence from BRICS countries
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper explores cross-country evidence of the effects of private credit shocks on economic growth. It employs a Global Vector Autoregressive (GVAR) model, which allows us to capture the dynamics of this relationship in a multi-country setting, and connects countries through bilateral international trade. Given the progressive role that Brazil, Russia, India, China and South Africa (BRICS) play in the world economy, this paper focuses on whether private credit shocks in one BRICS member state affects economic growth in the other BRICS. To this end, the paper finds empirical evidence that credit to the private sector has a positive spillover effect on growth in some of the BRICS countries, specifically in China and India. Policy implications of findings are discussed.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 44, September 2016, Pages 56-84
Journal: Journal of International Financial Markets, Institutions and Money - Volume 44, September 2016, Pages 56-84
نویسندگان
Nahla Samargandi, Ali M. Kutan,