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Svetlana Andrianova, Panicos Demetriades, Anja Shortland| January 01, 2010

Government Ownership of Banks, Institutions and Economic Growth

Public| Printed: Yes

This paper argues state-owned banks are able to play a growth-promoting role in the economy due to the presence of potentially weak institutions and information asymmetries. The authors show state-owned banks are correlated with long-term economic growth. Cross-country data from 1995 to 2007 is used to supplement this claim. This supports the developmental theory of state-owned banks.