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Financial development and local growth: evidence from highly disaggregated Italian data

Sergio Destefanis et al.

Applied Financial Economics2014https://doi.org/10.1080/09603107.2014.941529article
AJG 2ABDC B
Weight
0.65

Abstract

We test the nexus between local financial development and economic growth upon Italian data highly disaggregated at the territorial level, paying particular attention to the role of local banking market structure. We specify a growth model where a qualitative measure of financial development, bank profit efficiency, is considered in conjunction with a customary quantitative measure of financial development. The model is estimated on panel data over the period 2001 to 2010. The evidence suggests that both indicators of financial development have a significant impact on GDP per worker, especially when considering areas characterized by a larger number of cooperative banks. Results are not much affected by the occurrence of the ongoing recession.

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https://doi.org/https://doi.org/10.1080/09603107.2014.941529

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@article{sergio2014,
  title        = {{Financial development and local growth: evidence from highly disaggregated Italian data}},
  author       = {Sergio Destefanis et al.},
  journal      = {Applied Financial Economics},
  year         = {2014},
  doi          = {https://doi.org/https://doi.org/10.1080/09603107.2014.941529},
}

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Financial development and local growth: evidence from highly disaggregated Italian data

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Evidence weight

0.65

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.77 × 0.4 = 0.31
M · momentum0.78 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.