Reference : Enterprise credit, household credit and growth: New evidence from 126 countries
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Business & economic sciences : Macroeconomics & monetary economics
Enterprise credit, household credit and growth: New evidence from 126 countries
Leon, Florian mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
[en] Growth ; Financial development ; Household credit
[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.

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