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http://ssrn.com/abstract=367201
 
 

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Life-Cycle Dynamics in Industrial Sectors. The Role of Banking Market Structure


Nicola Cetorelli


Federal Reserve Bank of New York

December 2002

FRB of Chicago Working Paper No. 2002-26

Abstract:     
This paper analyzes the role of bank competition on the life-cycle dynamics of non-financial industries. Using multi-dimensional data sets, which contain information on job creation and destruction for establishments in U.S. manufacturing sectors operating in different geographical regions and over time, I find evidence that bank competition accelerates the expansion of start-ups and helps them to thrive while young. Once these establishments are mature, however, less competitive banking markets are more propitious. Specifically, mature establishments expand at higher rates and exit the industry at a slower pace in less competitive banking markets.

Number of Pages in PDF File: 38

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Date posted: February 24, 2003  

Suggested Citation

Cetorelli, Nicola, Life-Cycle Dynamics in Industrial Sectors. The Role of Banking Market Structure (December 2002). FRB of Chicago Working Paper No. 2002-26. Available at SSRN: http://ssrn.com/abstract=367201 or http://dx.doi.org/10.2139/ssrn.367201

Contact Information

Nicola Cetorelli (Contact Author)
Federal Reserve Bank of New York ( email )
33 Liberty Street
New York, NY 10045
United States
212-720-5071 (Phone)
212-720-8363 (Fax)
HOME PAGE: http://nyfedeconomists.org/cetorelli/
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