Evaluation of the space-time effects of Covid-19 on household loans and savings in Romania: A spatial panel data approach at county level

Research output: Contribution to journalArticleResearchpeer review

Authors

  • Ștefana Belbe
  • Darie Moldovan
  • Alin Marius Andrieș
  • Philipp Otto
  • Codruța Mare

External Research Organisations

  • Babeş-Bolyai University (UBB)
  • Al. I. Cuza University
  • Rutgers - The State University of New Jersey, Newark
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Details

Original languageEnglish
Article number101209
Number of pages14
JournalEmerging markets review
Volume63
Early online date30 Sept 2024
Publication statusPublished - Dec 2024

Abstract

This article examines the effects of the Covid-19 crisis on the banking sector of Romania using a spatial panel dataset of 21 months, from April 2020 to December 2021, among 41 counties. The empirical setup exploits the spatial and time-series variations of the banking sector during the pandemic via means of exploratory data analysis, simple linear models for each month with spatial diagnosis, and spatial panel data models with fixed effects. County-level differences and particular disturbances in the trend of banking services are highlighted against the turning points of the pandemic. We show that increasing Covid-19 infections result in higher loans and savings per capita, with significant spatial interactions given by the neighboring counties.

Keywords

    Banking, Covid-19, Loans, Savings, Space-time analysis

ASJC Scopus subject areas

Cite this

Evaluation of the space-time effects of Covid-19 on household loans and savings in Romania: A spatial panel data approach at county level. / Belbe, Ștefana; Moldovan, Darie; Andrieș, Alin Marius et al.
In: Emerging markets review, Vol. 63, 101209, 12.2024.

Research output: Contribution to journalArticleResearchpeer review

Belbe Ș, Moldovan D, Andrieș AM, Otto P, Mare C. Evaluation of the space-time effects of Covid-19 on household loans and savings in Romania: A spatial panel data approach at county level. Emerging markets review. 2024 Dec;63:101209. Epub 2024 Sept 30. doi: 10.1016/j.ememar.2024.101209
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