Government Ownership of Banks, Institutions and Economic Growth

Svetlana Andrianova, Panicos Demetriades, Anja Shortland

Research output: Contribution to journalArticlepeer-review

45 Citations (Scopus)

Abstract

We present new cross-country evidence that reveals that during 1995–2007, government ownership of banks has been robustly associated with higher long-run growth rates. We also show that previous results suggesting that government ownership of banks is associated with lower long-run growth rates are not robust to conditioning on more ‘fundamental’ determinants of economic growth.
Original languageEnglish
Pages (from-to)449-469
Number of pages21
JournalECONOMICA
Volume79
Issue number315
DOIs
Publication statusPublished - Jul 2012

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