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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP8138 |
DP8138 Public Ownership of Banks and Economic Growth - The Role of Heterogeneity | |
Isabel Schnabel; Tobias Körner | |
发表日期 | 2010-12-01 |
出版年 | 2010 |
语种 | 英语 |
摘要 | In an influential paper, La Porta, Lopez-De-Silanes and Shleifer (2002) argued that public ownership of banks is associated with lower GDP growth. We show that this relationship does not hold for all countries, but depends on a country?s financial development and political institutions. Public ownership is harmful only if a country has low financial development and low institutional quality. The negative impact of public ownership on growth fades quickly as the financial and political system develops. In highly developed countries, we find no or even positive effects. Policy conclusions for individual countries are likely to be misleading if such heterogeneity is ignored. |
主题 | Development Economics ; Financial Economics |
关键词 | Economic growth Financial development Political institutions Public banks Quality of governance |
URL | https://cepr.org/publications/dp8138 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536975 |
推荐引用方式 GB/T 7714 | Isabel Schnabel,Tobias Körner. DP8138 Public Ownership of Banks and Economic Growth - The Role of Heterogeneity. 2010. |
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