Financial Sciences = Nauki o Finansach, 2018, vol.23, No.1, s. 49-64
In this paper systemic problems of Ukrainian banking sector are reviewed and the solutions are offered. The main objective of the study is to examine the relationship between a financial deepening and economic growth in Ukraine by estimating several multiple regression models over the 1993 to 2015 period. A real GDP growth per capita was used as an indicator for the economic growth. The domestic credit to private sector (% of GDP) was used as an index of financial depth. The study concludes that financial deepening causes a slight impact on the economic growth of Ukraine. A low level of impact is an indicator of a limitedness of lending to the real economy. This means that banking sector has not become the real driving force of the economic growth in Ukraine yet. The study suggests a statement that policy makers should design the policies which will encourage lending especially high tech production, small and mid-size business, micro financing to the real economy to promote economic growth and increase employment
Oct 29, 2019
May 9, 2018
|Evaluating the nexus between financial deepening and economic growth: evidence from Ukraine||Oct 29, 2019|
Trzebiński, Artur A.
Chodnicka, Patrycja Niewińska, Katarzyna