Umeå Economic Studies
Nr 817: Financial Intermediation and Economic Growth: Evidence from the Baltic countries
Albina Soultanaeva (albina.soultanaeva@riksbank.se)
Abstract:
The hypothesis that financial development promotes economic growth is largely
supported by empirical studies. This hypothesis is tested for the three Baltic countries using a time series approach that allows for interactions between the three countries. We find that economic growth is a positive function of financial development, proxied by banking credit available to private sector, in the long run. The results also show that there are long run interactions between the three Baltic countries.
Keywords: Cointegration; Spillovers; Financial development; Emerging markets
JEL classification: O16; C32; F43
11 pages, Tuesday, December 21, 2010
Before downloading an electronic version below you should read the following statement on copyright.
Download Acrobat Reader for viewing and printing pdf files.
Full text version of the paper:
ues817.pdf Acrobat pdf file (78 kB)
[Home Page for Current Series] [Department of Economics, Umeå universitet]
[The S-WoPEc Working Paper Collection]
This page was generated on Tuesday, December 21, 2010
Report problems with accessing this service to webmaster@econ.umu.se
