Please use this identifier to cite or link to this item: http://hdl.handle.net/2381/7600
Title: Is Government ownership of banks really harmful to growth?
Authors: Adrianova, Svetlana
Demetriades, Panicos O.
Shortland, Anja
First Published: May-2009
Publisher: Dept. of Economics, University of Leicester
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.
Series/Report no.: Papers in Economics
09/11
Links: http://www.le.ac.uk/economics/research/discussion/papers2009.html
http://hdl.handle.net/2381/7600
Type: Report
Appears in Collections:Reports, Dept. of Economics

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