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The impact of shadow banking on government size in selected countries | ||
| International Journal of Business and Development Studies | ||
| دوره 16، شماره 1، خرداد 2024، صفحه 261-276 اصل مقاله (815.86 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22111/ijbds.2024.48778.2115 | ||
| نویسندگان | ||
| Mohammad Ibrahim Akbary* 1؛ Ahmad Jafari Samimi2؛ Mahdieh Rezagholizadeh3؛ Yousef Eisazadeh Roshan4 | ||
| 1PHD Student at Mazandaran University | ||
| 2Professor of economics, Faculty of Economics & Administrative Science, University of Mazandaran, Babolsar, Iran. | ||
| 3Associate Professor of Economics, Faculty of Economics & Administrative Science, University of Mazandaran, Babolsar, Iran. | ||
| 4Associate Professor of Economics, Faculty of Economics & Administrative Science, University of Mazandaran, Babolsar, Iran. | ||
| چکیده | ||
| Shadow banking comprises a set of non-bank financial intermediaries such as pension funds, investment funds, insurance companies, and other non-bank financial intermediaries that function similarly to traditional banks in terms of performance but are not supervised by the central bank. Given the expansion of shadow banking activities and its impact on real sectors of the economy, this research aims to investigate the effect of shadow banking on the size of government in selected countries (including two groups of developed and developing countries). Methods: This research was conducted using the Panel Vector Autoregression (VAR) model over the period 2002-2022 in selected countries. Results: The results obtained for the group of developed countries indicate that the expansion of shadow banking assets has not led to an increase in the size of government. However, conversely, according to the research findings for the group of developing countries, there is a positive relationship between shadow banking and the size of government. That is, the expansion of shadow banking assets in the group of developing countries has resulted in an increase in the size of government. Conclusions In this study, the impact of shadow banking on the size of government in selected countries has been examined using the Panel VAR model. The results indicate that the expansion of shadow banking assets in developed countries has not led to an increase in the size of government. However, conversely, in developing countries, the expansion of shadow banking assets has led to an increase in the size of government | ||
| کلیدواژهها | ||
| Shadow banking؛ Government size؛ Panel VAR؛ Selected countries | ||
| مراجع | ||
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