Showing 1 - 10 of 10
This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic growth. We further demonstrate that banking market structure can be responsible for the emergence of development traps in economies that would otherwise be characterized by unique...
Persistent link: https://www.econbiz.de/10010283571
This article studies conditions of entry and competitive conduct in highly concentrated banking markets. The author estimates the minimum market size at which a second bank, a third, a fourth, and so on, can enter and maintain long-run profitability. The results suggest no evidence of...
Persistent link: https://www.econbiz.de/10005373327
This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic growth. We further demonstrate that banking market structure can be responsible for the emergence of development traps in economies that would otherwise be characterized by unique...
Persistent link: https://www.econbiz.de/10005004151
What are the pros and cons of bank competition? This article presents an overview of the most recent research on the economic role of bank competition. Contrary to the received wisdom that competition in the banking industry is necessarily welfare enhancing, theoretical analyses and empirical...
Persistent link: https://www.econbiz.de/10005499140
Persistent link: https://www.econbiz.de/10005414893
Does banking market power contribute to the formation of non-financial industries populated by few, large firms, or does it instead enhance industry entry? Theoretical arguments could be made to support either side. The banking industry of European Union (EU) countries has been significantly...
Persistent link: https://www.econbiz.de/10005419902
This paper analyzes the role of bank competition on the life-cycle dynamics of non-financial industries. Using multi-dimensional data sets, which contain information on job creation and destruction for establishments in U.S. manufacturing sectors operating in different geographical regions and...
Persistent link: https://www.econbiz.de/10005419979
Does banking market power contribute to the formation of nonfinancial industries populated by few, large firms, or does it instead enhance industry entry? Theoretical arguments could be made to support either side.
Persistent link: https://www.econbiz.de/10005420349
In this paper we show that bank competition has an intrinsically ambiguous impact on capital accumulation. We further show that it is also responsible for the emergence of development traps in economies that otherwise would be characterized by unique equilibria. These results explain the...
Persistent link: https://www.econbiz.de/10010572381
This paper tests how competition in local U.S. banking markets affects the market structure of non- financial sectors. Theory offers competing hypotheses about how competition ought to influence firm entry and access to bank credit by mature firms. Using data on U.S. local markets for banking...
Persistent link: https://www.econbiz.de/10005520005