Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2018 | vol. 23 no. 1 | 49-64

Article title

Evaluating the nexus between financial deepening and economic growth: evidence from Ukraine

Content

Title variants

Languages of publication

EN

Abstracts

EN
In this paper systemic problems of Ukrainian banking sector are reviewed and the solutions are offered. The main objective of the study is to examine the relationship between a financial deepening and economic growth in Ukraine by estimating several multiple regression models over the 1993 to 2015 period. A real GDP growth per capita was used as an indicator for the economic growth. The domestic credit to private sector (% of GDP) was used as an index of financial depth. The study concludes that financial deepening causes a slight impact on the economic growth of Ukraine. A low level of impact is an indicator of a limitedness of lending to the real economy. This means that banking sector has not become the real driving force of the economic growth in Ukraine yet. The study suggests a statement that policy makers should design the policies which will encourage lending especially high tech production, small and mid-size business, micro financing to the real economy to promote economic growth and increase employment.

Contributors

author
author

References

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-1b565069-a2c0-41fd-b5e3-db18332ac992
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.