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The credit impact on the economic growth

Author

Listed:
  • Daniel ARMEANU

    (Bucharest Academy of Economic Studies, Romania)

  • Carmen PASCAL

    (Bucharest Academy of Economic Studies, Romania)

  • Dorina POANTA

    (Bucharest Academy of Economic Studies, Romania)

  • Cristina Andreea DOIA

    (Bucharest Academy of Economic Studies, Romania)

Abstract

In the current economic context, ensuring a sustainable and consistent economic growth is required for the reduction of development gaps by comparison the European average. To this end, an important part is played by resuming the economy financing and supporting the investment processes that generate income and jobs. This article aims to test the credit impact on the economic activity, if it is relevant in generating economic growth, as it represents a key factor in supporting the activity, or, on the contrary, if it affects the activity, diminishing its growth rhythm. The literature does not provide a clear answer to these aspects, as the periods taken into account for the analysis are short ones, are not homogenous, the economic conditions under which the crediting processes developed are different and the economy is disturbed by the external shocks and factors, which are difficult to intercept in the model. This article starts from the components within the GDP breakdown, identifies the relationship which is established between these and the credits granted to individuals and legal persons, assesses the credit impact on the economic activity and estimates a possible influence on the GDP.

Suggested Citation

  • Daniel ARMEANU & Carmen PASCAL & Dorina POANTA & Cristina Andreea DOIA, 2015. "The credit impact on the economic growth," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(602), S), pages 5-14, Spring.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:1(602):p:5-14
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    Citations

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    Cited by:

    1. David Salvador Cisneros Zepeda, 2022. "Los efectos del crédito bancario otorgado a la industria y al consumo en el crecimiento económico: evidencia de México, 1994-2017," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(2), pages 1-25, Abril - J.
    2. Chiriluş Alexandru I., 2022. "Interest Rates and Economic Growth in Romania: Is There Cointegration?," Journal of Social and Economic Statistics, Sciendo, vol. 11(1-2), pages 132-143, December.

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