The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper the authors first estimate for 16 countries a measure of banking system competition based on industrial organization theory. They then relate this competition measure to growth of industries and find that greater...
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2005/01/01
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Documento de trabalho sobre pesquisa de políticas
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WPS3481
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1
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1
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2010/07/01
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Financial dependence, banking sector competition, and economic growth
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banking system
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