Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57499 
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dc.contributor.authorKörner, Tobiasen
dc.contributor.authorSchnabel, Isabelen
dc.date.accessioned2010-10-15-
dc.date.accessioned2012-04-24T11:05:15Z-
dc.date.available2012-04-24T11:05:15Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aMax Planck Institute for Research on Collective Goods |cBonnen
dc.relation.ispartofseries|aPreprints of the Max Planck Institute for Research on Collective Goods |x2010,41en
dc.subject.jelG18en
dc.subject.jelG21en
dc.subject.jelO16en
dc.subject.ddc330en
dc.subject.keywordpublic banksen
dc.subject.keywordeconomic growthen
dc.subject.keywordfinancial developmenten
dc.subject.keywordquality of governanceen
dc.subject.keywordpolitical institutionsen
dc.subject.stwÖffentliche Banken
dc.subject.stwBankgeschäften
dc.subject.stwInstitutionelle Infrastrukturen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwWelten
dc.titlePublic ownership of banks and economic growth: The role of heterogeneity-
dc.typeWorking Paperen
dc.identifier.ppn636810682en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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