文章基本信息

标题：LOCAL BANK OFFICE OWNERSHIP, DEPOSIT CONTROL, MARKET STRUCTURE, AND ECONOMIC GROWTH
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作者：Collender, Robert N. ; Shaffer, Sherrill L.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2000
期号：SUPPL
出版社：Food Distribution Research Society
摘要：The restructuring of commercial banking has heightened interest in its economic conse-quences both for the economy as a whole and for those most likely to bear adverse con-sequences: small businesses, small banks, and rural areas. Most previous research onbank restructuring focuses on changes in bank behavior. In contrast, this paper focuseson the empirical association between local economic performance and changes in localbank market regulation and structure. Findings suggest that mergers or acquisitions oflocal banks by nonlocal banks need not impair local economic growth, and may evenhave beneficial effects in rural markets, with the possible exception of farm-dependentareas. These findings are derived from empirical models that relate both shortrun andlongrun growth in real per capita personal income to geographic restrictions on bankactivity, local bank (deposit) market concentration, local or nonlocal ownership of localbank offices, and local or nonlocal control of local bank deposits.
关键词：Commercial banking; economic growth; geographic liberalization; bank;ownership.;Acknowledgments;The authors thank Thomas Carlin; Patrick Sullivan; Jerome Stam; James Monke; James;Mikesell; Daniel Milkove; Economic Research Service; USDA; Eldon Smith; University;of Kentucky; and R. Alton Gilbert; Federal Reserve Bank of St. Louis; for their valuable;comments and suggestions.;1800 M Street;Washington; DC 20036-5831;May 2000; var currentpos;timer; function initialize() { timer=setInterval("scrollwindow()";10);} function sc(){clearInterval(timer); }function scrollwindow() { currentpos=document.body.scrollTop; window.scroll(0;++currentpos); if (currentpos != document.body.scrollTop) sc();} document.onmousedown=scdocument.ondblclick=initializeii;Contents;Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .iii;Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1;Issues in Banking and Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3;Why Local Banks Might Be Different . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3;Geographic Liberalization; Consolidation; and Bank Behavior . . . . . . . . . 5;The Finance Sector and Economic Growth . . . . . . . . . . . . . . . . . . . . . . . . 7;Testing for Associations Between Local Growth and Banking . . . . . . . . . . . . 9;Models and Hypotheses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9;Estimation and Data Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12;Results and Robustness Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17;Results . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17;Robustness Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22;Conclusions and Policy Implications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25;References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27