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AAK - Acta academica karviniensia

číslo 2017/1
THE INFLUENCE OF SELECT BANKING SECTOR INDICATORS ON THE ECONOMIC GROWTH OF THE EUROZONE COUNTRIES
[Vliv vybraných ukazatelů bankovního sektoru na ekonomický růst zemí Eurozóny]
ISSN:
1212-415X (Print)
2533-7610 (Online)
Year [Rok]:
2017
Volume [Ročník]:
XVII
Issue [Číslo]:
1
Authors [Autoři]:
Liběna Černohorská, Vojtěch Kula
Abstract [Abstrakt]:
This paper states its objective to be specifying the relationship between select banking sector indicators and the eurozone’s economic growth. The indicators that were selected are analyzed using the Engle-Granger cointegration test, which is meant to confirm the long-term influence of the indicators of bank loans provided to the private non-financial sector and the M3 aggregate on the growth of GDP. Data from the years 1999–2016 are included in the analysis. On the basis of the tests that were conducted, it was determined that there is no cointegration relationship between any of the time series at a level of significance of 0.05; this means that a long-term relationship was not found between the amount of bank loans provided to the private non-financial sector and GDP or between the M3 monetary aggregate and GDP. The conclusions resulting from the analyses that were conducted are supported by graphic depictions of the data, which clarify the rejection of the hypothesis.
Keywords [Klíčová slova]:
bank, banking sector, cointegration test, economic growth, Eurozone, GDP
JEL classification [JEL klasifikace]:
E51, E47, C32
Page range [Rozpětí stran]:
18 - 27
Full version [Plná verze]: