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Government Ownership of Banks, Institutions and Economic Growth

Aufsätze referiert extern - Web of Science

Svetlana Andrianova, Panicos Demetriades, Anja Shortland

In: Economica 79 (2012), 315, S. 449-469


We present new cross-country evidence that reveals that during 1995-2007, government ownership of banks has been robustly associated with higher long-run growth rates. We also show that previous results suggesting that government ownership of banks is associated with lower long-run growth rates are not robust to conditioning on more "fundamental" determinants of economic growth.