Publication:
Bank Competition, Financial Dependence, and Economic Growth in the Gulf Cooperation Council

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dc.contributor.authorCaggiano, Giovanni
dc.contributor.authorCalice, Pietro
dc.date.accessioned2016-06-14T19:47:36Z
dc.date.available2016-06-14T19:47:36Z
dc.date.issued2016-05
dc.description.abstractThe relationship between bank competition, firm access to finance, and economic growth is a much debated topic in the economic literature and in policy circles. This paper uses a panel of 23 manufacturing sectors over 2002-10 to investigate the impact of bank competition on industry growth in the Gulf Cooperation Council economies. The results show that greater competition allows financially dependent firms to grow faster. In addition, the results show that lower restrictions on banks’ permissible activities, better credit information, and greater institutional effectiveness mitigate the damaging impact of low competition. These results are robust to a variety of checks. The findings suggest that improving bank competition should be an important aspect of the financial sector development agenda in the Gulf Cooperation Council.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/05/26419585/bank-competition-financial-dependence-economic-growth-gulf-cooperation-council
dc.identifier.doi10.1596/1813-9450-7687
dc.identifier.urihttps://hdl.handle.net/10986/24526
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7687
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectCREDIT MARKETS
dc.subjectFOREIGN ENTRY
dc.subjectCAPITAL MARKETS
dc.subjectFINANCIAL SERVICES
dc.subjectBORROWER
dc.subjectSTATE‐OWNED BANKS
dc.subjectECONOMIC GROWTH
dc.subjectEXTERNAL FINANCING
dc.subjectCREDIT ALLOCATION
dc.subjectCAPITAL ACCUMULATION
dc.subjectEXTERNAL FUNDS
dc.subjectFINANCING
dc.subjectFINANCIAL MANAGEMENT
dc.subjectBANKING INDUSTRY
dc.subjectINTEREST
dc.subjectMORAL HAZARD
dc.subjectINDUSTRY
dc.subjectBIAS
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE CREDIT
dc.subjectAVAILABILITY OF CREDIT
dc.subjectBANKING SYSTEM
dc.subjectSERVICES
dc.subjectPUBLIC SERVICES
dc.subjectACCESS TO EXTERNAL FINANCE
dc.subjectBANKING SYSTEMS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectCAPITAL STRUCTURE
dc.subjectAVAILABILITY OF CREDIT
dc.subjectCREDIT CONSTRAINTS
dc.subjectDEFAULT RISK
dc.subjectINFORMATION SHARING
dc.subjectECONOMIC POLICY
dc.subjectCREDIT ALLOCATION
dc.subjectSOURCES OF FINANCE
dc.subjectCAPITAL MARKETS
dc.subjectBORROWERS
dc.subjectBANK ASSETS
dc.subjectGREATER ACCESS
dc.subjectINTERNATIONAL BANK
dc.subjectINFORMATION ASYMMETRIES
dc.subjectCASH FLOWS
dc.subjectBANK COMPETITION
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEMS
dc.subjectBANK LENDING
dc.subjectBANKING CRISES
dc.subjectEXTERNAL FINANCE
dc.subjectDEFAULT RISK
dc.subjectLACK OF CREDIT
dc.subjectCREDIT ACCESS
dc.subjectRETURN ON ASSETS
dc.subjectMORAL HAZARD
dc.subjectFOREIGN BANKS
dc.subjectADVANCED ECONOMIES
dc.subjectBANK ASSETS
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT BUREAUS
dc.subjectLENDING DECISIONS
dc.subjectCORPORATE FINANCE
dc.subjectINFORMATION SHARING
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectMARKETS
dc.subjectPUBLIC SERVICES
dc.subjectENTRY BARRIERS
dc.subjectACCESS TO FINANCE
dc.subjectENTERPRISES
dc.subjectFINANCIAL ACCESS
dc.subjectBANK CREDIT
dc.subjectSOURCES OF FINANCE
dc.subjectBANK LENDING
dc.subjectREAL ESTATE
dc.subjectRETURN ON ASSETS
dc.subjectFINANCE
dc.subjectBANKING SECTOR
dc.subjectENTRY BARRIERS
dc.subjectINFORMATION ASYMMETRY
dc.subjectBANKS
dc.subjectSOURCES OF FINANCE
dc.subjectSTATE‐ OWNED BANKS
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT REGISTRIES
dc.subjectCAPITAL
dc.subjectRETAIL BANKING
dc.subjectFINANCIAL STABILITY
dc.subjectPUBLIC POLICIES
dc.subjectACCESS TO FINANCE
dc.subjectCREDIT ACCESS
dc.subjectVALUE
dc.subjectBANK
dc.subjectCREDIT
dc.subjectACCESSIBILITY
dc.subjectFOREIGN ENTRY
dc.subjectEXTERNAL FUNDS
dc.subjectEXPENDITURES
dc.subjectCREDIT INFORMATION
dc.subjectCIVIL SERVICE
dc.subjectFOREIGN BANKS
dc.subjectFINANCIAL ACCESS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectBANK COMPETITION
dc.subjectINFORMATION ASYMMETRIES
dc.subjectRISK OF BANK FAILURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectDIVERSIFICATION
dc.subjectSECURITIES
dc.subjectSYSTEMIC INSTABILITY
dc.subjectGOVERNANCE
dc.subjectINSURANCE
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO EXTERNAL FINANCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectLENDING DECISIONS
dc.subjectINFORMATION ASYMMETRY
dc.subjectBANK CREDIT
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectRETAINED EARNINGS
dc.subjectSTATE‐OWNED BANKS
dc.subjectREAL ESTATE
dc.subjectINVESTMENT
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectRISK
dc.subjectCAPITAL STRUCTURE
dc.subjectCREDIT REGISTRY
dc.subjectFINANCIAL MARKETS
dc.subjectBANKING
dc.subjectCOOPERATION
dc.subjectBANKING INDUSTRY
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectREVENUE
dc.subjectLACK OF CREDIT
dc.subjectBANKING SYSTEM
dc.subjectEARNINGS
dc.subjectGREATER ACCESS
dc.subjectBORROWING
dc.subjectLENDING
dc.subjectCAPITAL EXPENDITURES
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SERVICES
dc.subjectEXTERNAL FINANCING
dc.subjectENTREPRENEURSHIP
dc.subjectBANKING CRISES
dc.subjectFINANCIAL MARKETS
dc.subjectGOVERNMENTS
dc.subjectBANK FAILURE
dc.subjectCIVIL SERVICE
dc.subjectCREDIT MARKETS
dc.subjectRETAINED EARNINGS
dc.subjectECONOMIC GROWTH
dc.subjectCREDIT REGISTRY
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL DEPTH
dc.subjectINCOME GROUPS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectCREDIT MARKET
dc.subjectCOMPETITION
dc.subjectEMPLOYEES
dc.titleBank Competition, Financial Dependence, and Economic Growth in the Gulf Cooperation Councilen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleBank Competition, Financial Dependence, and Economic Growth in the Gulf Cooperation Council
okr.date.disclosure2016-05-31
okr.doctypePublications Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/05/26419585/bank-competition-financial-dependence-economic-growth-gulf-cooperation-council
okr.guid880411467996715396
okr.identifier.doi10.1596/1813-9450-7687
okr.identifier.doihttps://doi.org/10.1596/1813-9450-7687
okr.identifier.externaldocumentum090224b08437f089_1_0
okr.identifier.internaldocumentum26419585
okr.identifier.reportWPS7687
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/05/31/090224b08437f089/1_0/Rendered/PDF/Bank0competiti00cooperation0council.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.geographicalMiddle East
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.unitFinance and Markets Global Practice Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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