Mohaddes, Kamiar; Raissi, Mehdi; Weber, Anke - 2017
This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non …-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 … in Italy. More specifically, we find that real GDP growth above 1.2 percent, if sustained for a number of years, is …