Financial Dependence Banking Sector Competition And Economic Growth
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| Author | : Stijn Claessens |
| Publisher | : World Bank Publications |
| Total Pages | : 49 |
| Release | : 2005 |
| Genre | : Banks and banking |
| ISBN | : |
"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.
| Author | : Stijn Claessens |
| Publisher | : |
| Total Pages | : |
| Release | : 2012 |
| Genre | : |
| ISBN | : |
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.
| Author | : |
| Publisher | : Fundacion BBVA |
| Total Pages | : 47 |
| Release | : |
| Genre | : |
| ISBN | : |
| Author | : Giovanni Caggiano |
| Publisher | : |
| Total Pages | : 33 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
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.
| Author | : C. Goodhart |
| Publisher | : Springer |
| Total Pages | : 248 |
| Release | : 2004-06-13 |
| Genre | : Business & Economics |
| ISBN | : 0230374271 |
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.
| Author | : Jacob A. Bikker |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 425 |
| Release | : 2017-09-29 |
| Genre | : Business & Economics |
| ISBN | : 1785363301 |
For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. The goal of this Handbook is to provide a collection of state-of-the-art chapters to address this issue. The book consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors.
| Author | : |
| Publisher | : |
| Total Pages | : 60 |
| Release | : 1991 |
| Genre | : Developing countries |
| ISBN | : |
| Author | : Nicola Cetorelli |
| Publisher | : |
| Total Pages | : 60 |
| Release | : 2004 |
| Genre | : Bank loans |
| ISBN | : |
| Author | : Nihal Bayraktar |
| Publisher | : |
| Total Pages | : 40 |
| Release | : 2006 |
| Genre | : Acumulacion de capital |
| ISBN | : |
Banking sector openness may directly affect growth by improving the access to financial services and indirectly by improving the efficiency of financial intermediaries, both of which reduce the cost of financing, and in turn, stimulate capital accumulation and economic growth. The objective of the paper is to empirically reinvestigate these direct and indirect links using a more advanced econometric technique (GMM dynamic panel estimators). An illustrative model is presented to link financial market development with investment. The empirical results confirm the presence of direct and indirect links, and thus provide support for countries planning to open their banking sector for international competition.
| Author | : Felix Eschenbach |
| Publisher | : Rozenberg Publishers |
| Total Pages | : 215 |
| Release | : 2004 |
| Genre | : |
| ISBN | : 9051708076 |
