Working Paper BETA #2020-48

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Title : Bank credit and short-run economic growth: a dynamic threshold panel model for ASEAN countries

Author(s) : Sy-Hoa Ho,Jamel Saadaoui

Abstract : We investigate short-run nonlinear impacts of bank credit on economic growth in ASEAN countries. We find an inverted L-shaped relationship and a statistically significant threshold of 96.5%. Positive effects of bank credit expansion on short-run economic growth fade away after this threshold.

Key-words : Bank credit, Economic growth, Dynamic threshold estimation, ASEAN

JEL Classification : C23, E51, G21, O41