Causal relation between economic growth and domestic credit in the economic globalization: Evidence from the Hatemi-J's test

被引:29
|
作者
Gozgor, Giray [1 ]
机构
[1] Dogus Univ, Dept Econ & Finance, TR-34722 Istanbul, Turkey
关键词
domestic credit; bootstrapping; economic growth; economic globalization; causality analysis; F36; E51; F02; INTERNATIONAL-TRADE;
D O I
10.1080/09638199.2014.908325
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper empirically examines causality relationship between economic growth and domestic credit in the economic globalization in 58 developed and developing countries over the period 1970-2010. We use the asymmetric Granger causality test that is based on modified Wald test statistics within bootstrapped critical values. We find a significant causality from domestic credit to economic growth only in seven developing countries. Furthermore, there is a unidirectional causality from economic growth to domestic credit in five developed and 10 developing economies.
引用
收藏
页码:395 / 408
页数:14
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