search query: @indexterm ECONOMIC INTERDEPENDENCE / total: 23
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| Author: | Cetorelli, N. Gambera, M. |
| Title: | Banking market structure, financial dependence and growth: international evidence from industry data |
| Journal: | Journal of Finance
2001 : APR, VOL. 56:2, p. 617-648 |
| Index terms: | BANKING ECONOMIC INTERDEPENDENCE MARKET STRUCTURE |
| Language: | eng |
| Abstract: | This paper explores the empirical relevance of banking market structure on growth. There is substantial evidence of a positive relationship between the level of development of the banking sector of an economy and its long-run output growth. This paper provides evidence that bank concentration promotes the growth of those industrial sectors that are more in need of external finance by facilitating credit access to younger firms. |
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