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

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2008-01-01

Author

Şendeniz Yüncü, İlkay
Aydogan, Kursat

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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.

Subject Keywords

Economics and Econometrics

URI

https://hdl.handle.net/11511/46672

Journal

APPLIED ECONOMICS

DOI

https://doi.org/10.1080/00036840600735424

Collections

Department of Business Administration, Article

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Citation Formats

İ. Şendeniz Yüncü and K. Aydogan, “Interdependence of the banking sector and the real sector: evidence from OECD countries,” APPLIED ECONOMICS, pp. 749–764, 2008, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/46672.