Local banking and local economic growth in Italy : some panel evidence

Caporale, Guglielmo Maria and Di Colli, Stefano and Di Salvo, Roberto and Lopez, Juan Sergio (2014) Local banking and local economic growth in Italy : some panel evidence. Centre for International Capital Markets discussion papers, 2014 (08). pp. 1-24. ISSN 1749-3412

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Abstract

This paper provides new evidence on the contribution of local banking to local economic growth (i.e. at county level - the Italian "province") in Italy. A comprehensive dataset is used, which includes control variables for social capital and human capital as well as indicators of the quality of local infrastructures and the production structure of the local economy. A linear within-estimator technique with fixed effects is applied to a modified version of the so-called Barro regression (Cecchetti and Karrhoubi, 2013) in order to address the well-known econometric issues of reverse causality and estimation bias resulting from unobserved district-specific influences.

Item Type: Article
Uncontrolled Keywords: Centre for International Capital Markets discussion papers; CICM discussion papers; bank lending; local growth; panel data; Italy; Italian banking
Subjects: 300 Social sciences > 330 Economics
Department: Guildhall School of Business and Law
Depositing User: Mary Burslem
Date Deposited: 16 Apr 2015 13:17
Last Modified: 17 Apr 2015 09:40
URI: http://repository.londonmet.ac.uk/id/eprint/374

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