Banking Solvency and Consumption are Required for Economic Growth - A Comment on World Financial Crisis
8 Pages Posted: 16 May 2011
Date Written: May 15, 2011
Abstract
In the present short paper author attempts to point out econometrically the importance of banking sector viability and household consumption as a requirement for economic growth. In the recent financial crisis many economies are facing the danger of financial collapse. The remedy is difficult, cold minded policy-makers are needed and the most important of all is that banking sector as the cornerstone of capitalism should at any cost be protected, for economic growth relies on a healthy financial system and a continuous consumption. Panel data regression analysis will be used based on the Eviews software package.
Keywords: Econometric models with panel data (single equation), economic growth, financial system, consumption, capitalism
JEL Classification: C23, F43, G, E21, P1
Suggested Citation: Suggested Citation
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Banking Solvency is Required for Economic Growth: A Comment on World Financial Crisis