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Article

A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania

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Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania
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Faculty of Business, Babes-Bolyai University, 7 Horea Street, 400174 Cluj-Napoca, Romania
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Faculty of Economic Sciences, “1 Decembrie 1918” University of Alba Iulia, 15–17 Unirii Street, 510009 Alba Iulia, Romania
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Faculty of Economics and Law, University of Medicine, Pharmacy, Science and Technology of Targu Mures, 38 Gheorghe Marinescu Street, 540142 Targu Mures, Romania
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National Institute for Research and Development in Constructions, Urbanism and Sustainable Spatial Development “URBAN INCERC”, 117 Calea Floresti, 400524 Cluj-Napoca, Romania
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Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2020, 13(8), 170; https://doi.org/10.3390/jrfm13080170
Received: 1 July 2020 / Revised: 23 July 2020 / Accepted: 27 July 2020 / Published: 1 August 2020
(This article belongs to the Special Issue International Trends and Economic Sustainability on Emerging Markets)
The study investigated the impact of factors such as non-performing loans, CO2 emissions, bank credit, and inflation on the variable sustainable economic growth for India, Brazil, and Romania during the period 2005–2017, through a panel data analysis. Specifically, we investigated the timeline before, during, and after economic turmoil, with a special focus on the global financial crisis. Our empirical results are valuable for both developing and developed nations. As a first result, we showed that CO2 emissions increased the level of economic growth, but in this context, authorities should design suitable policies to limit its impact on the overall society. In addition, a single supervision mechanism increased the level of sustainable economic growth. Last but not the least, the period during and after the global financial crisis, sustainable economic growth decreased under the influence of bank credit, inflation, and non-performing loans. Within this framework, public authorities are called to design efficient economic, fiscal, and monetary policies. View Full-Text
Keywords: Keywords; CO2 emissions; gross domestic product; sustainable economic growth; single supervision mechanism; global financial crisis; inflation; bank credit; non-performing loans Keywords; CO2 emissions; gross domestic product; sustainable economic growth; single supervision mechanism; global financial crisis; inflation; bank credit; non-performing loans
MDPI and ACS Style

Ioan, B.; Malar Kumaran, R.; Larissa, B.; Anca, N.; Lucian, G.; Gheorghe, F.; Horia, T.; Ioan, B.; Mircea-Iosif, R. A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania. J. Risk Financial Manag. 2020, 13, 170. https://doi.org/10.3390/jrfm13080170

AMA Style

Ioan B, Malar Kumaran R, Larissa B, Anca N, Lucian G, Gheorghe F, Horia T, Ioan B, Mircea-Iosif R. A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania. Journal of Risk and Financial Management. 2020; 13(8):170. https://doi.org/10.3390/jrfm13080170

Chicago/Turabian Style

Ioan, Batrancea, Rathnaswamy Malar Kumaran, Batrancea Larissa, Nichita Anca, Gaban Lucian, Fatacean Gheorghe, Tulai Horia, Bircea Ioan, and Rus Mircea-Iosif. 2020. "A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania" Journal of Risk and Financial Management 13, no. 8: 170. https://doi.org/10.3390/jrfm13080170

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