The Causal Relationship between Banking, Capital Markets and Economic Growth in the European Union

The Causal Relationship between Banking, Capital Markets and Economic Growth in the European Union

The current paper investigates the causal relationship between financial development and economic growth in 27 European Union (EU) countries. Granger causality tests are applied, using the cointegration and Vector Error-Correction (VEC) methodology. Through the empirical analysis, we found evidence...

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Bibliographic Details
Main Authors: Teodora Palcau, Monica Ioana Pop Silaghi
Format: Article
Language:English
Published: Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house 2025-06-01
Series:Scientific Annals of Economics and Business
Subjects:
economic growth
financial development
time-series
granger causality
Online Access:https://saeb.feaa.uaic.ro/index.php/saeb/article/view/3135
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