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
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: O40 G21 C33 (search for similar items in EconPapers)
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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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