Banks' Inefficiency and Economic Growth A Micro-Macro Approach

Riccardo (Jack) Lucchetti, Luca Papi and Alberto Zazzaro ()

No 153, Development Working Papers from Centro Studi Luca d'Agliano, University of Milano

Abstract: This paper offers a methodological contribution to the empirical analysis of the relationships between banking and economic growth by suggesting a new indicator for the state of development of the banking system based on a measure of bank microeconomic efficiency. This choice helps to overcome the problem of causality and to capture the effects of the banks� allocative activity. This new approach is then applied to analyse the relationship between the banking system and economic growth in the Italian regions, through a dynamic panel technique. The empirical results show the existence of an independent effect exerted by the efficiency of banks on regional growth.

Keywords: Bank efficiency; regional growth (search for similar items in EconPapers)
JEL-codes: C33 G21 O40 (search for similar items in EconPapers)
Date: 2001-05-01
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Citations: View citations in EconPapers (53)

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Related works:
Journal Article: Banks’ Inefficiency and Economic Growth: A Micro‐Macro Approach (2001)
Working Paper: Banks' inefficiency and economic growth: a micro-macro approach (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:csl:devewp:153

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