Banks' inefficiency and economic growth: a micro-macro approach
Riccardo (Jack) Lucchetti (),
Luca Papi () and
Alberto Zazzaro ()
Heterogeneity and monetary policy from Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica
This paper offers a methodological contribution to empirical analysis of the relationships between banking and economic growth by proposing the microeconomic efficiency of banks as a new proxy for the state of development of the banking system. This measure is partly able to overcome the problem of causality and to capture the allocative function of banks.This methodology is then applied to the banking system and economic growth in the Italian regions, using a dynamic panel approach. The econometric results show the existence of an independent effect exerted by banking efficiency on real growth and the importance of the allocative function of banks.
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 (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:mod:modena:0004
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