Leitão, Nuno Carlos - In: Economic Research Guardian 2 (2012) 2, pp. 256-267
This study examines the link between bank lending and economic growth for European Union (EU-27) for the period 1990 to 2010. We apply a dynamic panel data (GMM-system estimator). This estimator permits to solve the problems of serial correlation, heteroskedasticity and endogeneity for some...