A Panel Data Analysis on Determinants of Economic Growth in Seven Non-BCBS Countries
A Panel Data Analysis on Determinants of Economic Growth in Seven Non-BCBS Countries
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DOI：
10.1007/s13132-021-00785-y
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发表时间：
2021-04-09
影响因子：
3.3
通讯作者：
Batrancea, Ioan
中科院分区：
文献类型：
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作者：
Batrancea, Larissa;Rathnaswamy, Malar Kumaran;Batrancea, Ioan
经济增长现象表明一个国家在一定时期内财富的增加。鉴于这一现象的复杂性，有多种因素影响其程度。该研究考察了巴塞尔银行监管委员会成员以外的七个国家（即玻利维亚、捷克共和国、爱沙尼亚、马来西亚、秘鲁、波兰和泰国）1990-2019年经济增长的决定因素。我们的预测指标包括银行资本与资产比率、银行流动准备金与银行资产比率、通货膨胀、利差、银行不良贷款与总贷款比率。通过面板数据分析和随机效应计量经济模型，我们发现在过去的30年中，以国内生产总值增长率为代表的经济增长主要是由银行资本资产比率驱动的。我们的实证结果的影响，可以帮助国家当局有兴趣提高经济增长的水平，为整个社会的利益。
The phenomenon of economic growth indicates the increase in a country's wealth during a certain period of time. Given the complexity of the phenomenon, there is a manifold of factors influencing its level. The study examined the determinants of economic growth in seven countries that are not members of the Basel Committee of Banking Supervision, namely Bolivia, Czech Republic, Estonia, Malaysia, Peru, Poland, and Thailand, for the decades 1990-2019. Our set of predictors included bank capital to assets ratio, bank liquid reserves to bank assets ratio, inflation, interest rate spread, bank nonperforming loans to total gross loans ratio. By means of panel data analysis and a random effects econometric model, we showed that economic growth proxied by gross domestic product growth rate was mainly driven by bank capital to assets ratio across the three decades. The implications of our empirical results could assist national authorities interested in elevating the level of economic growth for the benefit of the overall society.