Banking Sector Openness and Economic Growth

Bayraktar, Nihal; Wang, Yan

doi:10.1596/1813-9450-4019

Banking Sector Openness and Economic Growth

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collection.link.5	https://openknowledge.worldbank.org/handle/10986/9
collection.name.5	Policy Research Working Papers
dc.contributor.author	Bayraktar, Nihal
dc.contributor.author	Wang, Yan
dc.date.accessioned	2012-06-26T18:21:28Z
dc.date.available	2012-06-26T18:21:28Z
dc.date.issued	2006-10
dc.date.lastModified	2021-04-23T14:02:41Z
dc.description.abstract	Banking sector openness may directly affect growth by improving the access to financial services and indirectly by improving the efficiency of financial intermediaries, both of which reduce the cost of financing, and in turn, stimulate capital accumulation and economic growth. The objective of the paper is to empirically reinvestigate these direct and indirect links using a more advanced econometric technique (GMM dynamic panel estimators). An illustrative model is presented to link financial market development with investment. The empirical results confirm the presence of direct and indirect links, and thus provide support for countries planning to open their banking sector for international competition.	en
dc.identifier	http://documents.worldbank.org/curated/en/2006/10/7095002/banking-sector-openness-economic-growth
dc.identifier.uri	http://hdl.handle.net/10986/9273
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Policy Research Working Paper; No. 4019
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	ACCOUNTING
dc.subject	ACTUAL COST
dc.subject	ALLOCATIVE EFFICIENCY
dc.subject	AUDITING
dc.subject	BANK ASSETS
dc.subject	BANK OF KOREA
dc.subject	BANKING SECTOR
dc.subject	BANKING SERVICES
dc.subject	BORROWING
dc.subject	CAPACITY BUILDING
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL FLIGHT
dc.subject	CAPITAL INVESTMENT
dc.subject	CAPITAL MOBILITY
dc.subject	COMPETITIVENESS
dc.subject	CONSTANT RETURNS TO SCALE
dc.subject	CONSUMERS
dc.subject	COST OF CAPITAL
dc.subject	COUNTRY LEVEL
dc.subject	DEBT
dc.subject	DEPENDENT VARIABLE
dc.subject	DESCRIPTIVE STATISTICS
dc.subject	DEVELOPED COUNTRIES
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DOMESTIC CREDIT
dc.subject	DYNAMIC PANEL
dc.subject	EARNING ASSETS
dc.subject	ECONOMETRICS
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC LITERATURE
dc.subject	ECONOMIC STATISTICS
dc.subject	ECONOMIC STUDIES
dc.subject	EMPIRICAL ANALYSIS
dc.subject	EMPIRICAL EVIDENCE
dc.subject	EMPIRICAL MODEL
dc.subject	EMPIRICAL RESULTS
dc.subject	EMPIRICAL SECTION
dc.subject	EMPIRICAL STUDIES
dc.subject	EMPLOYMENT
dc.subject	EMPLOYMENT EQUATIONS
dc.subject	ENTREPRENEURSHIP
dc.subject	EQUATIONS
dc.subject	ERROR TERM
dc.subject	ERROR TERMS
dc.subject	ESTIMATED COEFFICIENTS
dc.subject	ESTIMATION METHOD
dc.subject	ESTIMATION RESULTS
dc.subject	EXPECTED RETURNS
dc.subject	EXPECTED VALUE
dc.subject	EXPLANATORY VARIABLES
dc.subject	FINANCIAL DEPTH
dc.subject	FINANCIAL DEVELOPMENT
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INTEGRATION
dc.subject	FINANCIAL INTERMEDIARIES
dc.subject	FINANCIAL INTERMEDIARY DEVELOPMENT
dc.subject	FINANCIAL INTERMEDIATION
dc.subject	FINANCIAL LIBERALIZATION
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL REGULATION
dc.subject	FINANCIAL SECTOR
dc.subject	FINANCIAL SERVICES
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN ENTRY
dc.subject	FUNCTIONAL FORM
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GLOBALIZATION
dc.subject	GROWTH IMPACT
dc.subject	GROWTH LITERATURE
dc.subject	GROWTH MODEL
dc.subject	GROWTH MODELS
dc.subject	GROWTH RATE
dc.subject	GROWTH REGRESSIONS
dc.subject	HIGH INFLATION
dc.subject	HUMAN CAPITAL
dc.subject	IMPROVING PRODUCTIVITY
dc.subject	INDEPENDENT VARIABLES
dc.subject	INFLATION
dc.subject	INFLATION RATE
dc.subject	INTEREST INCOME
dc.subject	INTEREST RATE
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL COMPETITION
dc.subject	INVESTMENT RATE
dc.subject	LAGGED LEVELS
dc.subject	LAWS
dc.subject	LIBERALIZATION OF FINANCIAL MARKETS
dc.subject	LIQUIDITY
dc.subject	LONG-RUN GROWTH
dc.subject	LOW INTEREST RATES
dc.subject	LOWERING BARRIERS
dc.subject	MACROECONOMIC INSTABILITY
dc.subject	MACROECONOMIC STABILITY
dc.subject	MARKET FAILURES
dc.subject	MONETARY ECONOMICS
dc.subject	NAFTA
dc.subject	NEGATIVE EFFECT
dc.subject	NEGATIVE SIGN
dc.subject	NET INTEREST MARGIN
dc.subject	0 HYPOTHESIS
dc.subject	OVERHEAD COSTS
dc.subject	POLICY RESEARCH
dc.subject	POLITICAL ECONOMY
dc.subject	POSITIVE EFFECTS
dc.subject	PRODUCTION FUNCTION
dc.subject	PRODUCTIVITY
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROFIT RATE
dc.subject	PROFITABILITY
dc.subject	PROMOTING GROWTH
dc.subject	PUBLIC INFRASTRUCTURE
dc.subject	REAL GDP
dc.subject	REAL INTEREST RATE
dc.subject	REAL INTEREST RATES
dc.subject	RETAINED EARNINGS
dc.subject	RISK FACTORS
dc.subject	RISK SHARING
dc.subject	SAVINGS
dc.subject	SERIAL CORRELATION
dc.subject	SIGNIFICANT IMPACT
dc.subject	STATE BANKS
dc.subject	TRADE LIBERALIZATION
dc.subject	TRANSITION ECONOMIES
dc.title	Banking Sector Openness and Economic Growth	en
okr.doctype	Publications & Research :: Policy Research Working Paper
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/2006/10/7095002/banking-sector-openness-economic-growth
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Poverty
okr.globalpractice	Finance and Markets
okr.googlescholar.linkpresent	yes
okr.identifier.doi	10.1596/1813-9450-4019
okr.identifier.externaldocumentum	000016406_20060929142324
okr.identifier.internaldocumentum	7095002
okr.identifier.report	WPS4019
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/09/29/000016406_20060929142324/Rendered/PDF/wps4019.pdf	en
okr.topic	Poverty Reduction :: Achieving Shared Growth
okr.topic	Economic Theory and Research
okr.topic	Finance and Financial Sector Development :: Financial Intermediation
okr.topic	Banks and Banking Reform
okr.topic	Financial Crisis Management and Restructuring
okr.topic	Macroeconomics and Economic Growth
okr.unit	Development Research Group (DECRG)
okr.volume	1 of 1

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