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The Impact Of The Credit Expansion Process On Social Welfare In The Area Of Central And South-Eastern Europe

Author

Listed:
  • Stanislav PERCIC

    (Alexandru Ioan Cuza University of Iasi, Doctoral School of Economics and Business Administration (DSEBA))

Abstract

This study aims at performing an econometric analysis of the credit expansion process and social welfare from a comparative perspective, with a focus on eight developing and advanced economies from Central and South-Eastern Europe (including the case of Romania). The author aims to better understand the real impact of the credit expansion process on social welfare through the financial dimension. In order to achieve this aim, the research seeks to analyze the short-term dynamics (from one quarter to the other) of the relationships between the total volume of credits given to the non-banking private sector by the credit institutions (highlighting thus the credit expansion process) and the GDP per capita and GDP per person employed (proxies for social welfare). The usefulness of the present study becomes higher given the fact that nowadays the socio-economic development is often assisted by a stronger and more acute crisis.

Suggested Citation

  • Stanislav PERCIC, 2014. "The Impact Of The Credit Expansion Process On Social Welfare In The Area Of Central And South-Eastern Europe," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 5, pages 511-518, November.
    • Handle: RePEc:cmj:seapas:y:2014:i:5:p:511-518
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    More about this item

    Keywords

    Credit expansion; Social welfare; GDP per capita; GDP per person employed;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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