Measuring credit structure impact on economic growth in Croatia using (VECM) 1990-2018
Studies on the finance-growth link use different proxy variables for financial development. Among the most used is the total credit share in the GDP. Previous empirical studies show to be sensitive to the choice of the finance proxy indicator. Total credit share in the GDP appears biased in empirica...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Vilnius Gediminas Technical University
2019-03-01
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Series: | Journal of Business Economics and Management |
Subjects: | |
Online Access: | https://journals.vgtu.lt/index.php/JBEM/article/view/8344 |