Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/103353
Authors: 
Caporale, Guglielmo Maria
Di Colli, Stefano
Di Salvo, Roberto
Lopez, Juan Sergio
Year of Publication: 
2014
Series/Report no.: 
DIW Discussion Papers 1409
Abstract: 
This paper provides new evidence on the contribution of local banking to local economic growth (i.e. at county level - the Italian "province") in Italy. A comprehensive dataset is used, which includes control variables for social capital and human capital as well as indicators of the quality of local infrastructures and the production structure of the local economy. A linear within-estimator technique with fixed effects is applied to a modified version of the so-called Barro regression (Cecchetti and Karrhoubi, 2013) in order to address the well-known econometric issues of reverse causality and estimation bias resulting from unobserved district-specific influences.
Subjects: 
bank lending
local growth
panel data
JEL: 
C33
E44
G01
G32
Document Type: 
Working Paper

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