Moretti, Luigi (2008): Bank Concentration and Structure of Manufacturing Sectors: Differences Between High and Low Income Countries.
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This paper investigates the relationship between bank concentration and the real economy by analyzing the number and average size of firms in manufacturing industries in two samples of countries with differing levels of economic development. We use a panel of 42 countries and 27 manufacturing industries for the period 1993-2001, and we apply the Rajan-Zingales (1998) methodology. The main finding is that in developed countries higher levels of bank concentration are associated with lower number of firms, of bigger size, while in developing countries this relationship does not seem to be significant.
|Item Type:||MPRA Paper|
|Original Title:||Bank Concentration and Structure of Manufacturing Sectors: Differences Between High and Low Income Countries|
|Keywords:||Bank concentration; Industry structure; Country income groups;|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
|Depositing User:||Luigi Moretti|
|Date Deposited:||25. Nov 2009 21:51|
|Last Modified:||12. Feb 2013 00:15|
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