Tuesday, January 24, 2012

"government ownership of banks has been robustly associated  with higher long-run growth rates"

"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."
 (Svetlana Andrianova1, Panicos Demetriades1, Anja Shortland2, Economica, latest issue)

posted by Dirk J. Bezemer
Gang8 Yahoo Group

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