Interdependence of the banking sector and the real sector: evidence from OECD countries

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Şendeniz-Yüncü I., Akdeniz L., Aydogan K.

APPLIED ECONOMICS, cilt.40, sa.6, ss.749-764, 2008 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 40 Sayı: 6
  • Basım Tarihi: 2008
  • Doi Numarası: 10.1080/00036840600735424
  • Dergi Adı: APPLIED ECONOMICS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.749-764
  • Orta Doğu Teknik Üniversitesi Adresli: Hayır

Özet

This article investigates the validity of the credit view hypothesis in eleven OECD (Organization for Economic Cooperation and Development) countries over the period 1987:QI to 2003:QIII. The existence of a long-run relationship between the banking sector and the real sector is supported by cointegration test results. For some of the countries in the sample, Granger causality tests show the leading role of the banking sector in the real sector, thus supporting the credit view hypothesis, whereas for other countries, the same tests indicate no interdependence.