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AuthorDiallo B.
AuthorKoch W.
Available date2020-03-18T08:11:11Z
Publication Date2018
Publication NameReview of Economics and Statistics
ResourceScopus
ISSN346535
URIhttp://dx.doi.org/10.1162/rest_a_00679
URIhttp://hdl.handle.net/10576/13398
AbstractThis paper investigates the relationship between economic growth and bank concentration.We introduce imperfect competition within the banking system according to the Schumpeterian growth paradigm, and we theoretically and empirically show that the effects of bank concentration on economic growth depend on the proximity to the world technology frontier. The theory predicts that when a country reaches a sufficient level of financial development, bank concentration has a negative effect on development and growth and that this effect increases when the country approaches the frontier. However, for countries with credit constraints, growth depends on only financial intermediation. ? 2018 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Languageen
PublisherMIT Press Journals
SubjectBank
concentration
schumpeterian
TitleBank concentration and schumpeterian growth: Theory and international evidence
TypeArticle
Pagination489 - 501
Issue Number3
Volume Number100


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