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| Collender, Robert N.; Shaffer, Sherrill L.. |
| The restructuring of commercial banking has heightened interest in its economic consequences both for the economy as a whole and for those most likely to bear adverse consequences: small businesses, small banks, and rural areas. Most previous research on bank restructuring focuses on changes in bank behavior. In contrast, this paper focuses on the empirical association between local economic performance and changes in local bank market regulation and structure. Findings suggest that mergers or acquisitions of local banks by nonlocal banks need not impair local economic growth, and may even have beneficial effects in rural markets, with the possible exception of farm-dependent areas. These findings are derived from empirical models that relate both... |
| Tipo: Report |
Palavras-chave: Commercial banking; Economic growth; Geographic liberalization; Bank ownership; Community/Rural/Urban Development; Financial Economics. |
| Ano: 2000 |
URL: http://purl.umn.edu/33555 |
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| Collender, Robert N.; Shaffer, Sherrill L.. |
| The relationship between financial structure and job growth is both an unexplored issue and a possible channel through which financial structure impacts income growth. We explore these issues using both longrun and shortrun models. Our shortrun model provides evidence of a robust relationship between local employment growth and geographic deregulation of bank activity in the United States. We also found that U.S. nonmetropolitan employment grew faster in 1973-96 where there were fewer locally owned bank offices and a more concentrated initial banking market structure; these linkages were less stable in metropolitan areas. Overall, however, we found only weak evidence in support of an employment growth channel linking bank structure to subsequent economic... |
| Tipo: Report |
Palavras-chave: Commercial banking; Employment growth; Geographic liberalization; Bank ownership; Financial Economics; Labor and Human Capital. |
| Ano: 2002 |
URL: http://purl.umn.edu/33566 |
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