IS THERE “TOO MUCH FINANCE” IN CENTRAL AND EASTERN EUROPEAN COUNTRIES?

Grabowski Wojciech, Maciejczyk-Bujnowicz Iwona In this paper, the parameters of the growth regression, including different variables measuring the degree of financial development for the Central and Eastern European countries are estimated. Next, the optimal values of specific variables measuring the level of financial development are calculated. The results of the empirical investigation indicate that countrieswith […]

INSURANCE MARKET DEVELOPMENT AND ECONOMIC GROWTH IN TRANSITION COUNTRIES: SOME NEW EVIDENCE BASED ON THE BOOTSTRAP PANEL GRANGER CAUSALITY TEST

Stanisław Wanat, Monika Papież, Sławomir Śmiech The purpose of this paper is to investigate causal relations between the insurance market development and economic growth in ten transition European Union member countries in the period between 1993 and 2013. The analysis is conducted with the use of the bootstrap panel causality approach proposed by Kónya (2006), […]