Islamic banking, credit, and economic growth: Some empirical evidence
比较有伊斯兰银行和无伊斯兰银行的两组新兴国家，发现伊斯兰银行的存在改变了信贷与GDP之间的因果关系，长期来看信贷促进增长。
Abstract This paper examines the effects of Islamic banking on the causal linkages between credit and gross domestic product (GDP) by comparing two sets of seven emerging countries, the first without Islamic banks and the second with a dual banking system including both Islamic and conventional banks. Unlike previous studies, it checks the robustness of the results by applying both time series and panel methods; moreover, it tests for both long‐ and short‐run causality. In brief, the findings highlight significant differences between the two sets of countries reflecting the distinctive features of Islamic banks. Specifically, the time series analysis provides evidence of long‐run causality running from credit to GDP in countries with Islamic banks. This is confirmed by the panel causality tests, although in this case short‐run causality in countries without Islamic banks is also found.