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Does credit market accelerate economic growth in Romania? Statistical approaches

Author

Listed:
  • Mirela CRISTEA
  • Raluca DRACEA

    (University of Craiova)

Abstract

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.

Suggested Citation

  • Mirela CRISTEA & Raluca DRACEA, 2010. "Does credit market accelerate economic growth in Romania? Statistical approaches," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 184-190, May.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:184-190
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    Cited by:

    1. Mergeani Nicea & Dănciulescu Andreea-Gabriela & Dănciulescu Romeo, 2017. "Continuous Education And Training Of Adults – Purpose Of An Active Life On The Labour Market," Junior Scientific Researcher, SC Research Publishing SRL, vol. 3(2), pages 9-18, November.
    2. Mergeani Nicea, 2016. "Is The Scarcity Of Talents Among The Young A Stimulating Factor Of Unemployment?," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 148-153, December.
    3. Bosede Ngozi Adeleye & Ismail Bengana & Abdelaziz Boukhelkhal & Mohammad Musa Shafiq & Hauwah K. K. Abdulkareem, 2022. "Does Human Capital Tilt the Population-Economic Growth Dynamics? Evidence from Middle East and North African Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 162(2), pages 863-883, July.
    4. Mergeani, Nicea & Dănciulescu, Andreea-Gabriela & Romeo, Dănciulescu, 2017. "Continuous education and training of adults – purpose of an active life on the labour market," MPRA Paper 83660, University Library of Munich, Germany.
    5. Nicea Mergeani & Andreea-Gabriela D?nciulescu, 2016. "Youth Unemployment – The Main Statistics In Romania Compared With The European Union Ones," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(44), pages 298-309.

    More about this item

    Keywords

    credit market; economic growth; linear regression method;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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