G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8138
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
URLhttps://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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