Verification of the hypothesis "too much finance" in the polish economy
Journal Title: Central European Review of Economics and Finance - Year 2016, Vol 12, Issue 2
Abstract
The last global financial crisis has affected the changes in the architecture of the global financial system. This aspect is particularly important and valid starting point for a deeper and broader analysis of the impact of the boom of the financial sector to economic growth. The aim of the study is to identify the optimal level of bank credits to the private sector to GDP in the Polish economy, over which the economic growth rate begins to decline. In this paper we estimate parameters of the dynamic growth model in order to find an optimal level of the financial depth. Restrictions are imposed and verified on parameters concerning the level and square of financial depth. Results of estimation show that the optimal level of financial depth equals 0.44 for Poland. (original abstract)
Authors and Affiliations
Wojciech Grabowski, Iwona Maciejczyk-Bujnowicz
Keywords
Related Articles
- EP ID EP210356
- DOI -
- Views 86
- Downloads 0
Classifying occupational threats posed to knowledge workers as a response to one of the social aspects of sustainable development concerning occupational health and safety
The goal of this study was to discover, weather using different multidimensional exploratory techniques in self-assessing occupational threats by knowledge workers brings logical classification of variables and if obtain...
Selected theoretical aspects of the international integration of underdeveloped countries
The key theoretical problem related to integration of less developed countries is the possibility of legitimate application of the existing theoretical framework of international economic integration to developed as well...
Verifying Capital Asset Pricing Model in Greek Capital Market
o begin, the article verifying of Capital Asset Pricing Model (CAPM) would be appropriate for capital asset valuation on the Greek capital market. We examined 32 companies listed on the Athens Stock Exchange (ASE) on a w...
Expansion strategies as an effective way of competition on the global market on the example of the Royal Dutch shell investments on Polish market
The article is an attempt to present the results of the analysis of the activities of transnational corporation which is Royal Dutch Shell in response to the challenges resulting from the use of global strategy. Dynamic...
Integration processes and marginal vertical β-convergence in the European Union Member States
The aim of the paper is to examine the connection between the intensity of integration processes and the real convergence process in the group of 28 member states of the European Union, with special regard to individual...