Open Science Research Excellence

Open Science Index

Commenced in January 2007 Frequency: Monthly Edition: International Publications Count: 30234


Select areas to restrict search in scientific publication database:
10010489
Bank Loans and the Business Cycle: The Case of the Czech Republic
Abstract:
This article aims to evaluate the impact of loans provided within the Czech banking sector on the growth of the Czech economy. The article is based on research of current scientific findings in respect to bank loans and economic development. The paper is based on data taken from the Czech Statistical Office on the development of the gross domestic product and data from the Czech National Bank on the development of loans from the period 2004-2015. Links between selected variables are tested using Granger causality tests. The results calculated confirm the hypothesis of the impact of the loans on economic growth, with a six-month delay. The results thus correspond to the standard economic findings and results of most previous studies.
Digital Object Identifier (DOI):

References:

[1] J. Arlt, M. Arltová, Ekonomické časové řady. Praha: Grada, 2007.
[2] A. Banerjee, P. Newbold, P. Co-integration, error correction, and the econometric analysis of non-stationary data. Oxford: Oxford University Press, 1993.
[3] V. Bencivenga, B. Smith, “Some Consequences of Credit Rationing in an Endogenous Growth Model,” Journal of economic Dynamics and Control, vol. 17, no. 1-2, pp. 97-122, 1993.
[4] J. Boyd, E. Prescott, “Financial Intermediary-Coalitions,” Journal of Economic Theory, vol. 38, no. 2, pp. 211-232, 1996.
[5] N. Cetorelli, M. Gambera, “Banking Market Structure, Financial Dependence and Growth: International Evidence from Industry,” The Journal of Finance, vol. 56, no. 2, pp. 617-648, 2001.
[6] Czech National Bank. ARAD systém časových řad (online). 2016 (cit. 2016-02-28). Available at: http://www.cnb.cz/docs /ARADY/HTML/popis.htm.
[7] Czech Statistical Office. Databáze národních účtů (on-line). 2017 (cit. 17-01-24). Available at: http://apl.czso.cz/pll/rocenka /rocenkavyber.makroek_vydaj
[8] L. Černohorská, V. Kula, “The Effect of M3 Monetary Aggregates and Bank Loans on the Economic Growth of Countries in the Eurozone, the USA and Japan, “ Scientific Papers of the University of Pardubice. Series D, Faculty of Economics & Administration , vol. 25, no. 40, pp. 27-38, 2017.
[9] J. Černohorský, “Types of bank loans and their impact on economic development: a case study of the Czech republic, “ Economics and Management, vol. 20, no. 4, pp. 34-47, 2017.
[10] R., F. Engle, C. W. J. Granger, “Co-Integration and Error Correction: Representation, Estimation, and Testing,” Econometrica, vol. 55, no. 2, pp. 251-276, 1987.
[11] C. W. J. Granger, “Investigating causal relations by econometric models and cross-spectral methods,” Econometrica: Journal of the Econometric Society, vol. 37, no. 3, pp. 424-438, 1969.
[12] J. G. Gurley, E. S. Shaw, “Financial Aspects of Economic Development,” The American Economic Review, vol. 45. no. 4, pp. 515–538, 1955.
[13] R. G. King, R. Levine, “Finance and Growth: Schumpeter Might Be Right,” The quarterly journal of economics, vol. 108, no. 3, pp. 717– 738, 1993.
[14] R. E. Lucas, Jr. “On the Mechanics of Economic Development,“ Journal of Monetary Economics, vol. 22, no. 1, pp. 3-42, July 1988.
[15] G. N. Mankiw, Principles of macroeconomics. Stamford: Cengage Learning, 2014.
[16] J. Robinson, “The Generalization of the General Theory,“ The rate of interest and other essays. London: Macmillan, pp. 67-146, 1952.
[17] J. A. Schumpeter, Theorie der wirtschaftlichen entwicklung. Leipzig: Dunker & Humblot, 1912.
[18] CH. A. Sims, “Money, income, and causality,” The American economic review, vol. 62, no. 4, pp. 540-552, 1972.
Vol:14 No:01 2020
Vol:13 No:12 2019Vol:13 No:11 2019Vol:13 No:10 2019Vol:13 No:09 2019Vol:13 No:08 2019Vol:13 No:07 2019Vol:13 No:06 2019Vol:13 No:05 2019Vol:13 No:04 2019Vol:13 No:03 2019Vol:13 No:02 2019Vol:13 No:01 2019
Vol:12 No:12 2018Vol:12 No:11 2018Vol:12 No:10 2018Vol:12 No:09 2018Vol:12 No:08 2018Vol:12 No:07 2018Vol:12 No:06 2018Vol:12 No:05 2018Vol:12 No:04 2018Vol:12 No:03 2018Vol:12 No:02 2018Vol:12 No:01 2018
Vol:11 No:12 2017Vol:11 No:11 2017Vol:11 No:10 2017Vol:11 No:09 2017Vol:11 No:08 2017Vol:11 No:07 2017Vol:11 No:06 2017Vol:11 No:05 2017Vol:11 No:04 2017Vol:11 No:03 2017Vol:11 No:02 2017Vol:11 No:01 2017
Vol:10 No:12 2016Vol:10 No:11 2016Vol:10 No:10 2016Vol:10 No:09 2016Vol:10 No:08 2016Vol:10 No:07 2016Vol:10 No:06 2016Vol:10 No:05 2016Vol:10 No:04 2016Vol:10 No:03 2016Vol:10 No:02 2016Vol:10 No:01 2016
Vol:9 No:12 2015Vol:9 No:11 2015Vol:9 No:10 2015Vol:9 No:09 2015Vol:9 No:08 2015Vol:9 No:07 2015Vol:9 No:06 2015Vol:9 No:05 2015Vol:9 No:04 2015Vol:9 No:03 2015Vol:9 No:02 2015Vol:9 No:01 2015
Vol:8 No:12 2014Vol:8 No:11 2014Vol:8 No:10 2014Vol:8 No:09 2014Vol:8 No:08 2014Vol:8 No:07 2014Vol:8 No:06 2014Vol:8 No:05 2014Vol:8 No:04 2014Vol:8 No:03 2014Vol:8 No:02 2014Vol:8 No:01 2014
Vol:7 No:12 2013Vol:7 No:11 2013Vol:7 No:10 2013Vol:7 No:09 2013Vol:7 No:08 2013Vol:7 No:07 2013Vol:7 No:06 2013Vol:7 No:05 2013Vol:7 No:04 2013Vol:7 No:03 2013Vol:7 No:02 2013Vol:7 No:01 2013
Vol:6 No:12 2012Vol:6 No:11 2012Vol:6 No:10 2012Vol:6 No:09 2012Vol:6 No:08 2012Vol:6 No:07 2012Vol:6 No:06 2012Vol:6 No:05 2012Vol:6 No:04 2012Vol:6 No:03 2012Vol:6 No:02 2012Vol:6 No:01 2012
Vol:5 No:12 2011Vol:5 No:11 2011Vol:5 No:10 2011Vol:5 No:09 2011Vol:5 No:08 2011Vol:5 No:07 2011Vol:5 No:06 2011Vol:5 No:05 2011Vol:5 No:04 2011Vol:5 No:03 2011Vol:5 No:02 2011Vol:5 No:01 2011
Vol:4 No:12 2010Vol:4 No:11 2010Vol:4 No:10 2010Vol:4 No:09 2010Vol:4 No:08 2010Vol:4 No:07 2010Vol:4 No:06 2010Vol:4 No:05 2010Vol:4 No:04 2010Vol:4 No:03 2010Vol:4 No:02 2010Vol:4 No:01 2010
Vol:3 No:12 2009Vol:3 No:11 2009Vol:3 No:10 2009Vol:3 No:09 2009Vol:3 No:08 2009Vol:3 No:07 2009Vol:3 No:06 2009Vol:3 No:05 2009Vol:3 No:04 2009Vol:3 No:03 2009Vol:3 No:02 2009Vol:3 No:01 2009
Vol:2 No:12 2008Vol:2 No:11 2008Vol:2 No:10 2008Vol:2 No:09 2008Vol:2 No:08 2008Vol:2 No:07 2008Vol:2 No:06 2008Vol:2 No:05 2008Vol:2 No:04 2008Vol:2 No:03 2008Vol:2 No:02 2008Vol:2 No:01 2008
Vol:1 No:12 2007Vol:1 No:11 2007Vol:1 No:10 2007Vol:1 No:09 2007Vol:1 No:08 2007Vol:1 No:07 2007Vol:1 No:06 2007Vol:1 No:05 2007Vol:1 No:04 2007Vol:1 No:03 2007Vol:1 No:02 2007Vol:1 No:01 2007