Do State-Owned Banks Promote Growth? Cross-Country Evidence for Manufacturing Industries

12 Pages Posted: 25 Apr 2011

See all articles by Arturo José Galindo

Arturo José Galindo

Inter-American Development Bank

Alejandro Micco

University of Chile

Date Written: February 2003

Abstract

This paper tests the efficiency of different structures of bank ownership in terms of its ability to target manufacturing sectors in need of credit. We find that state- owned banks do not play a significant role in the development of industries that rely more on external finance and/or that have less tangible assets to pledge as collateral.

Suggested Citation

Galindo, Arturo José and Micco, Alejandro, Do State-Owned Banks Promote Growth? Cross-Country Evidence for Manufacturing Industries (February 2003). IDB Working Paper No. 405. Available at SSRN: https://ssrn.com/abstract=1818694 or http://dx.doi.org/10.2139/ssrn.1818694

Arturo José Galindo (Contact Author)

Inter-American Development Bank ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

Alejandro Micco

University of Chile ( email )

Pío Nono Nº1, Providencia
Santiago, R. Metropolitana 7520421
Chile

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