Enterprise credit, household credit and growth: New evidence from 126 countries

Reference : Enterprise credit, household credit and growth: New evidence from 126 countries


	Document type :	E-prints/Working papers : Already available on another site
	Discipline(s) :	Business & economic sciences : Macroeconomics & monetary economics
	To cite this reference:	http://hdl.handle.net/10993/28851

Title :	Enterprise credit, household credit and growth: New evidence from 126 countries
Language :	English
Author, co-author :	Leon, Florian [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Publication date :	16-Nov-2016
Number of pages :	42
Peer reviewed :	No
Keywords :	[en] Growth ; Financial development ; Household credit
Abstract :	[en] This paper attempts to distinguish the effects of household and enterprise credit on economic growth. To do so, I create a new, hand-collected database covering 143 countries over the period 1995-2014 (126 countries are employed for econometric analysis). Estimation results confirm recent evidence documenting the absence of the effect of total credit to growth. Findings also show that household credit has a negative effect on growth, but I fail to provide robust support for a positive effect of business credit.
Permalink :	http://hdl.handle.net/10993/28851
source URL :	file:///C:/Users/florian.leon/Downloads/2016_17%20Enterprise%20credit_household%20credit%20and%20growth%20-%20New%20evidence%20from%20126%20countries.pdf

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