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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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