کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5106284 | 1645157 | 2017 | 32 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Non-linearity in the finance-growth nexus: Evidence from Indonesia
ترجمه فارسی عنوان
عدم خطی بودن در ارتباطات رشد اقتصادی: شواهد از اندونزی
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد، اقتصادسنجی و مالیه (عمومی)
چکیده انگلیسی
This paper investigates the finance-growth nexus where bank credit is decomposed into investment, consumption, and working capital credit. From a panel dataset of provinces in Indonesia, it documents that higher financial development measured by financial deepening and financial intermediation exhibits an inverted U-shaped relationship with economic growth. This non-linear effect of financial deepening is driven by both investment credit and consumption credit. These results suggest that too much investment credit and, to a lesser extent, consumption credit are detrimental to economic growth. Ultimately, only financial intermediation associated with working capital credit has a positive and monotonic impact on economic growth.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Economics - Volume 150, August 2017, Pages 19-35
Journal: International Economics - Volume 150, August 2017, Pages 19-35
نویسندگان
Wahyoe Soedarmono, Iftekhar Hasan, Nuruzzaman Arsyad,