Svetlana Andrianova, Panicos Demetriades, Anja Shortland|
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.
Themes
State owned Financial Institutions
Region
South Asia (SAR)
