Optimizing the level of bank credit to promote economic growth. Implications for Poland

• Authors: Grabowski Wojciech , Maciejczyk-Bujnowicz Iwona

Title variants

PL

Optymalizacja poziomu kredytu bankowego we wspieraniu wzrostu gospodarczego. Implikacje dla Polski

• Languages of publication: EN

Abstracts

EN

Services of the financial sector is one of the most important catalysts of economic growth. The main focus is the analysis of one of the elements characteristic and strongly interacting in recent decades, the participation of credit intermediation in promoting economic growth. The Global Financial Crisis has affected the changes in the architecture of the global financial system. In this paper the main attention is directed towards trying to optimize the bank credit to GDP ratio in the Polish economy We obtained that the optimal level of financial depth is 0.43 in the case of Polish economy. If the financial depth is below this level then it has positive impact on the economic growth. Above this level, financial system in Poland seems to be “too large” compared to the size of the domestic economy. Above this line the financial development hits negative social returns.

PL

Usługi sektora finansowego są jednym z najważniejszych katalizatorów wzrostu gospodarczego. Główna uwaga jest zwrócona w kierunku próby optymalizacji relacji kredytu bankowego do PKB w polskiej gospodarce. Globalny Kryzys Finansowy ponownie ukazał pewne nieprawidłowości w funkcjonowaniu i rozwoju sektora finansowego i jego „przecenionego” oddziaływania na wzrost gospodarczy. Na podstawie przeprowadzonych badań stwierdzono, iż optymalny poziom udziału kredytów bankowych w stosunku do PKB za lata 2000-2015 wynosi 43%. Poniżej tego poziomu potencjał wzrostowy gospodarki nie jest w pełni wykorzystywany. Jeśli analizowana relacja przekracza 0.43, to wówczas nadmierne zadłużenie gospodarstw domowych i konieczność płacenia wysokich rat hamuje popyt wewnętrzny i prowadzi do niższej stopy wzrostu PKB.

Keywords

EN

Credit; Economic growth; Financial development; Growth model

PL

Kredyt bankowy; Model wzrostu gospodarczego; Rozwój finansowy; Wzrost gospodarczy

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2016
• Volume: 269
• Pages: 99-111

Contributors

author

Grabowski Wojciech

• University of Lodz. Faculty of Economics and Sociology. Department of Econometric Models and Forecasts

author

Maciejczyk-Bujnowicz Iwona

• University of Lodz. Faculty of Economics and Sociology. Department of International Economic Relations

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Identifiers

ISSN

2083-8611