Theoretical and Applied Economics
No. 1 / 2015 (602), Spring
The credit impact on the economic growth
Bucharest Academy of Economic Studies, Romania
Carmen PASCAL
Bucharest Academy of Economic Studies, Romania
Dorina POANTA
Bucharest Academy of Economic Studies, Romania
Cristina Andreea DOIA
Bucharest Academy of Economic Studies, Romania
Abstract. In the current economic context, ensuring a sustainable and consistent economic growth is required for the reduction of development gaps by comparison the European average. To this end, an important part is played by resuming the economy financing and supporting the investment processes that generate income and jobs. This article aims to test the credit impact on the economic activity, if it is relevant in generating economic growth, as it represents a key factor in supporting the activity, or, on the contrary, if it affects the activity, diminishing its growth rhythm. The literature does not provide a clear answer to these aspects, as the periods taken into account for the analysis are short ones, are not homogenous, the economic conditions under which the crediting processes developed are different and the economy is disturbed by the external shocks and factors, which are difficult to intercept in the model. This article starts from the components within the GDP breakdown, identifies the relationship which is established between these and the credits granted to individuals and legal persons, assesses the credit impact on the economic activity and estimates a possible influence on the GDP.
Contents
The credit impact on the economic growth
Predicting balance of payments crises for some emerging economies
Creativity and innovation – Sources of competitive advantage in the value chain of tourism enterprises
How to escape the middle income trap: international evidence from a binary dependent variable model
Land value dynamics with endogenous human and physical capital accumulation
Environmental Kuznets curve. Evidence from Romania
Effects of economic crisis on the distribution of earnings from Romania
An approach of social policy in terms of macro-stabilisation function
Economy recovery risks which Romanian companies has to cope with
The measurement of fiscal behavior in some European countries: Panel data perspective
Romanian municipal bond market at Bucharest Stock Exchange: further investigations
Inequality and economic growth: theoretical and operational approach
Measuring financial development in India: A PCA approach
Welfare costs due to economic fluctuations according to different model setups
The role of rating agencies in international financial market
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Epistemic transfers in economics from social sciences
Accelerating the development of learning organizations: Shifting paradigms from current practice to human performance improvement
Transferring business intelligence and big data analysis from corporations to governments as a hybrid leading indicator
The impact of cultural and educational accumulations on entrepreneurial behaviour. Main issues encountered in theoretical approaches
Models for evaluating financial crisis – what went wrong for developed and emerging economies?
Impact of financial crisis on the decision making process for insurance consumers
Beyond the implementation of a dynamic stochastic general equilibrium model
How the legislation influenced the M&A transactions in Romania