Title Assessment of factors determining the level of private credit in European Union countries /
Translation of Title Privačių paskolų lygį Europos Sąjungos šalyse lemiančių veiksnių vertinimas.
Authors Garšvienė, Lina ; Balčiūnaitė, Kristina ; Matuzevičiūtė-Balčiūnienė, Kristina ; Ruplienė, Dovilė
DOI 10.2478/mosr-2022-0004
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Is Part of Organizacijų vadyba : sisteminiai tyrimai.. Kaunas : Vytauto Didžiojo universiteto leidykla. 2022, t. 87, p. 67-82.. ISSN 1392-1142. eISSN 2335-8750
Keywords [eng] level of private credit ; high indebtedness ; household income/expenditure ; threshold
Abstract [eng] This paper aims to evaluate the factors determining countries’ private credit level as well as to identify the differences of their effect during the periods when the levels of country private credit exceeded 100 percent of GDP or were below. The research methodology relies on two modifications of the multiple regression model with log differences of variables. Research results showed a negative impact of economic growth and a positive impact of consumer prices and housing prices on the level of private credit. It has also been found that in the first period when the level of private credit to GDP exceeds the 100 per cent threshold households tend to borrow more than in other periods. In the second model distinguishing between periods when the level of country’s private credit was below 100 per cent of GDP and when this level was reached or exceeded the research showed that the effects of economic growth do not differ between periods of high and low indebtedness, but the difference becomes apparent when assessing the impact of household income and expenditure, thus confirming the impact of the marginal financial depth.
Published Kaunas : Vytauto Didžiojo universiteto leidykla
Type Journal article
Language English
Publication date 2022
CC license CC license description