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Commercial banking,...
Commercial banking, insurance and economic growth in Sweden between 1830 and 1998
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- Adams, Mike (författare)
- Swansea University, UK
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- Andersson, Jonas (författare)
- Norwegian School of Economics and Business Administration, Norway
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- Andersson, Lars Fredrik, 1974- (författare)
- Umeå universitet,Institutionen för ekonomisk historia,Swedish Growth Policy Institute and Umeå University, Sweden
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- Lindmark, Magnus, 1967- (författare)
- Umeå universitet,Institutionen för ekonomisk historia,Umeå University, Sweden and Norwegian School of Economics and Business Administration, Norway
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(creator_code:org_t)
- Taylor & Francis, 2009
- 2009
- Engelska.
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Ingår i: Accounting Business and Financial History. - : Taylor & Francis. - 0958-5206 .- 1466-4275. ; 19:1, s. 21-39
- Relaterad länk:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- We examine empirically the dynamic historical relation between commercial bank lending, insurance and economic (income) growth in Sweden using time-series data from 1830 to 1998 and performing tests for Granger causality. Because of the non-stationary nature of the time series examined the procedure of Toda andYamamoto (1995) is used. Our results, which have accounted for possible regime changes due to different exchange rate mechanisms over time, indicate that insurance has Granger-caused economic growth and bank lending. Therefore, we conclude that insurance is an important prerequisite for stimulating economic growth and that this could have important implications for contemporary developing economies.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economic History (hsv//eng)
Nyckelord
- banking; insurance; economic growth; history; Sweden
- Economic history
- Ekonomisk historia
- ekonomisk historia
- Economic History
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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