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Financial Dependence, Banking Sector Competition, and Economic Growth

2005 Banks and banking
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Release : 2005
Genre : Banks and banking
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Book Synopsis Financial Dependence, Banking Sector Competition, and Economic Growth by : Stijn Claessens

Download or read book Financial Dependence, Banking Sector Competition, and Economic Growth written by Stijn Claessens. This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt: "The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization theory. They then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster. These results are robust under a variety of tests. The results suggest that the degree of competition is an important aspect of financial sector funding. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to study competition in banking"--World Bank web site.

Financial Dependence, Banking Sector Competition, and Economic Growth

2012
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Release : 2012
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Book Synopsis Financial Dependence, Banking Sector Competition, and Economic Growth by : Stijn Claessens

Download or read book Financial Dependence, Banking Sector Competition, and Economic Growth written by Stijn Claessens. This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt: The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper the authors first estimate for 16 countries a measure of banking system competition based on industrial organization theory. They then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster. These results are robust under a variety of tests. Their results suggest that the degree of competition is an important aspect of financial sector functioning.

Regional Financial Development and Bank Competition. Effects on Economic Growth

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Book Synopsis Regional Financial Development and Bank Competition. Effects on Economic Growth by :

Download or read book Regional Financial Development and Bank Competition. Effects on Economic Growth written by . This book was released on . Available in PDF, EPUB and Kindle. Book excerpt:

Bank Competition, Financial Dependence, and Economic Growth in the Gulf Cooperation Council

2016
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Release : 2016
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Book Synopsis Bank Competition, Financial Dependence, and Economic Growth in the Gulf Cooperation Council by : Giovanni Caggiano

Download or read book Bank Competition, Financial Dependence, and Economic Growth in the Gulf Cooperation Council written by Giovanni Caggiano. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between bank competition, firm access to finance, and economic growth is a much debated topic in the economic literature and in policy circles. This paper uses a panel of 23 manufacturing sectors over 2002- 0 to investigate the impact of bank competition on industry growth in the Gulf Cooperation Council economies. The results show that greater competition allows financially dependent firms to grow faster. In addition, the results show that lower restrictions on banks' permissible activities, better credit information, and greater institutional effectiveness mitigate the damaging impact of low competition. These results are robust to a variety of checks. The findings suggest that improving bank competition should be an important aspect of the financial sector development agenda in the Gulf Cooperation Council.

Financial Development and Economic Growth

2004-06-13 Business & Economics
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Release : 2004-06-13
Genre : Business & Economics
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Book Rating : 271/5 ( reviews)

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Book Synopsis Financial Development and Economic Growth by : C. Goodhart

Download or read book Financial Development and Economic Growth written by C. Goodhart. This book was released on 2004-06-13. Available in PDF, EPUB and Kindle. Book excerpt: The most successful economies have the best working financial markets. While causation obviously runs in both directions, current research has increasingly emphasized the role of finance in promoting growth. Here seven leading financial economists explore the links between financial development and growth. The book seeks to answer the question of the role of finance in promoting sustainable growth and in the reduction of poverty, for example via micro-financial institutions.

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