Does credit market accelerate economic growth in Romania? Statistical approaches
The main objective of this paper is to investigate the relationship between economic growth and credit market development for Romania taking into account the effect of inflation rate, bank lending and exchange rate over economic growth, using quarterly data for the period 2001-2009. The methodology of our research consists on applying the statistical method under SPSS program, using the linear regression method. We analyse both the correlation between dependent variable and independent variables, and the necessary coefficients for determining the regression equation. The conclusion is that, in Romania, on the base of the data for the period analysed, a short-run increase of bank lending with 1 mil. RON induces a relative decrease of economic growth with 3.96*10-5%, an increase of inflation rate per 1% induces a decrease of economic growth with 0.32%, and an increase of exchange rate per 1 determines a decrease with 4.9% of economic growth.
Volume (Year): 1 (2010)
Issue (Month): 11 (May)
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