Economics, Econometrics and Finance
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No Cointegration Found Between Banking Indicators and Economic Growth in Major Economies

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Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration
The Effect of m3 Monetary Aggregates and Bank Loans on the Economic Growth of Countries in the Eurozone, the USA and Japan
Liběna Černohorská, Vojtěch Kula

Paper Summary

The study looked at how M3 monetary aggregates and bank loans affect economic growth in the Eurozone, USA, and Japan. They used statistical tests to see if these factors are related to GDP growth from 2000 to 2015. The results showed that there is no significant relationship between these banking indicators and economic growth in the countries studied.

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