IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-71329-3_6.html
   My bibliography  Save this book chapter

The Influence of Private Credit on Economic Development in Romania

In: Europe in the New World Economy: Opportunities and Challenges

Author

Listed:
  • Elena-Florentina (Popescu) Mircea

    (Romanian Academy, Doctoral School of Economic Sciences, National Institute of Economic Research “Costin C. Kiritescu”)

Abstract

In a period marked by globalization, social, and military events with profound national and international implications, Romania must aim for sustainable economic development. The Gross Domestic Product (GDP) can be used to measure a country’s level of economic development. Considering that the engine of growth is the private sector, this paper aims to analyse the influence the private sector’s level of lending has on the GDP. For this purpose, a linear regression was created to analyse the dependence of GDP on credit granted to the private sector. The model shows the positive impact that domestic credit granted to the private sector has on economic development, i.e. increases in domestic credit granted to the private sector result in increases in GDP.

Suggested Citation

  • Elena-Florentina (Popescu) Mircea, 2024. "The Influence of Private Credit on Economic Development in Romania," Springer Proceedings in Business and Economics, in: Luminita Chivu & Valeriu Ioan-Franc & George Georgescu & Ignacio De Los Ríos Carmenado & Jean Vasile (ed.), Europe in the New World Economy: Opportunities and Challenges, chapter 0, pages 119-128, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-71329-3_6
    DOI: 10.1007/978-3-031-71329-3_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-031-71329-3_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.