Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57499
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dc.contributor.authorKörner, Tobiasen_US
dc.contributor.authorSchnabel, Isabelen_US
dc.date.accessioned2010-10-15en_US
dc.date.accessioned2012-04-24T11:05:15Z-
dc.date.available2012-04-24T11:05:15Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/57499-
dc.description.abstractIn 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.isoengen_US
dc.publisher|aMax Planck Inst. for Research on Collective Goods |cBonnen_US
dc.relation.ispartofseries|aPreprints of the Max Planck Institute for Research on Collective Goods |x2010,41en_US
dc.subject.jelG18en_US
dc.subject.jelG21en_US
dc.subject.jelO16en_US
dc.subject.ddc330en_US
dc.subject.keywordpublic banksen_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordfinancial developmenten_US
dc.subject.keywordquality of governanceen_US
dc.subject.keywordpolitical institutionsen_US
dc.subject.stwÖffentliche Banken_US
dc.subject.stwBankgeschäften_US
dc.subject.stwInstitutionelle Infrastrukturen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwWelten_US
dc.titlePublic ownership of banks and economic growth: The role of heterogeneityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn636810682en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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