TITLE

Credit Market Development and Economic Growth an Empirical Analysis for United Kingdom

AUTHOR(S)
Vazakidis, Athanasios; Adamopoulos, Antonios
PUB. DATE
July 2011
SOURCE
American Journal of Economics & Business Administration;2011, Vol. 3 Issue 3, p576
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents an empirical analysis of the credit market development and economic growth for Great Britain. The study utilizes a Vector Error Correction Model (VECM) to examine the causal relationship between credit market development and economic growth. It also reveals how a short-run increase of economic growth per one induces an increase of bank lending 0.006 percent in the nation.
ACCESSION #
69719132

 

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