Object

Title: Evaluating the nexus between financial deepening and economic growth: evidence from Ukraine

Title in english:

Ocena relacji między pogłębianiem się rynku finansowego i wzrostem gospodarczym: dowody z Ukrainy

Creator:

Kondrat, Iryna ; Kots, Olha

Description:

Financial Sciences = Nauki o Finansach, 2018, vol.23, No.1, s. 49-64

Abstrakt:

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

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2018

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/fins.2018.1.04 ; oai:dbc.wroc.pl:41028

Language:

eng

Relation:

Financial Sciences = Nauki o Finansach, 2018, vol. 23, no. 1

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Object collections:

Last modified:

Oct 29, 2019

In our library since:

May 9, 2018

Number of object content hits:

67

All available object's versions:

https://www.dbc.wroc.pl/publication/47197

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