This paper examines the link between banking and economic development at the regional level in the Philippines and focuses on the role played by rural banks on economic activity. A cointegration panel data analysis is applied for the sixteen Philippine regions from 1993 to 2005. When using...

This paper examines the link between banking industry structure and economic activity at the regional level in the Philippines. We apply a principal component analysis on regional banking and economic data for the period 1993 to 2005. We ranked the sixteen regions in three different groups...