The Impacts of Banking System Stability on Sustainable Development: Conditional Mean-Based and Parameter Heterogeneity Approaches
- سال انتشار: 1399
- محل انتشار: نشریه بین المللی مدیریت ، حسابداری و اقتصاد، دوره: 7، شماره: 9
- کد COI اختصاصی: JR_IJMAE-7-9_001
- زبان مقاله: انگلیسی
- تعداد مشاهده: 130
نویسندگان
School of Finance and Economics, Jiangsu University, Zhenjiang, China
School of Finance and Economics, Jiangsu University, Zhenjiang, China
School of Finance and Economics, Jiangsu University, Zhenjiang, China
School of Finance and Economics, Jiangsu University, Zhenjiang, China
چکیده
We explored the impacts of banking system stability on sustainable development for the period ۲۰۰۰-۲۰۱۶ as well pre and post-global financial crisis periods. We employed econometric frameworks of dynamic fixed effects, system GMM and most recent estimator - panel quantile regression with fixed effects to provide robust results from the conditional mean-based and parameter heterogeneity approaches. Our results revealed that, conditioning on other sustainable development determinants, banking system stability have significant impacts on sustainable development as well as empirical evidence of parameter heterogeneity response of sustainable development for countries conditionally distributed on low and high sustainable development path for both short-run and long-run. In addition, we established that, countries distributed on low sustainable development paths gain more from bank stabilization policies compared to countries on middle and higher sustainable development paths. Finally, we established vanishing adverse effects of banking system stability on sustainable development in the post-global financial crisis period.کلیدواژه ها
Banking system stability, sustainable development, System GMM, panel quantile regression with fixed effectsاطلاعات بیشتر در مورد COI
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