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http://hdl.handle.net/10419/36709
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| Title: | | Is government ownership of banks really harmful to growth?  |
| Authors: | | Andrianova, Svetlana Demetriades, Panicos Shortland, Anja |
| Issue Date: | | 2010 |
| Series/Report no.: | | Discussion papers // German Institute for Economic Research 987 |
| Abstract: | | We show that previous results suggesting that government ownership of banks is associated with lower long run growth rates are not robust to adding more 'fundamental' determinants of economic growth. We also present new cross-country evidence for 1995-2007 which suggests that, if anything, government ownership of banks has been robustly associated with higher long run growth rates. While acknowledging that cross-country results need not imply causality, we nevertheless provide a conceptual framework, drawing on the global financial crisis of 2008-09, which explains why under certain circumstances government owned banks could be more conducive to economic growth than privately-owned banks. |
| Subjects: | | Public banks economic growth quality of governance regulation political institutions |
| JEL: | | O16 G18 G28 K42 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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