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Max Planck Institute for Research on Collective Goods, Bonn >
Preprints of the Max Planck Institute for Research on Collective Goods >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/57499
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Körner, Tobias | | en_US |
| dc.contributor.author | | Schnabel, Isabel | | en_US |
| dc.date.accessioned | | 2010-10-15 | | en_US |
| dc.date.accessioned | | 2012-04-24T11:05:15Z | | - |
| dc.date.available | | 2012-04-24T11:05:15Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/57499 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Max Planck Inst. for Research on Collective Goods Bonn | | en_US |
| dc.relation.ispartofseries | | Preprints of the Max Planck Institute for Research on Collective Goods 2010,41 | | en_US |
| dc.subject.jel | | G18 | | en_US |
| dc.subject.jel | | G21 | | en_US |
| dc.subject.jel | | O16 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | public banks | | en_US |
| dc.subject.keyword | | economic growth | | en_US |
| dc.subject.keyword | | financial development | | en_US |
| dc.subject.keyword | | quality of governance | | en_US |
| dc.subject.keyword | | political institutions | | en_US |
| dc.subject.stw | | Öffentliche Bank | | en_US |
| dc.subject.stw | | Bankgeschäft | | en_US |
| dc.subject.stw | | Institutionelle Infrastruktur | | en_US |
| dc.subject.stw | | Wirtschaftswachstum | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | Public ownership of banks and economic growth: The role of heterogeneity | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 636810682 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Preprints of the Max Planck Institute for Research on Collective Goods
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