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Contribution of Rural Banks to Regional Economic Development: Evidence from the PhilippinesCeline Meslier-CrouzilleUniversity of Limoges - Laboratoire d'Analyse et de Prospectives Économiques (LAPE) Emmanuelle NysUniversité de Limoges, LAPE Alain SauviatUniversity of Limoges - Faculty of Law and Economic Science September 2, 2010 Regional Studies, Forthcoming Abstract: This paper examines the link between banking and economic development at the regional level in the Philippines and focuses on the role played by rural banks on economic activity. A cointegration panel data analysis is applied for the sixteen Philippine regions from 1993 to 2005. When using indicators built at the regional banking industry level, there is no clear-cut evidence of a banking-led economic development. But, we find a consistent positive effect of the presence of rural banks on regional economic development for the intermediate and less developed regions, with a stronger effect for the former, suggesting a threshold effect.
Number of Pages in PDF File: 34 Keywords: Banking development, Regional economic development, Banking structure, Panel cointegration, Rural banks JEL Classification: C23, G21, O16 working papers seriesDate posted: September 3, 2010Suggested CitationContact Information
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