Cooperative Banks and Local Economic Growth

32 Pages Posted: 20 Feb 2018

See all articles by Paolo Coccorese

Paolo Coccorese

University of Salerno - Department of Economics

Sherrill Shaffer

University of Wyoming

Date Written: February 18, 2018


In this paper we study the impact of cooperative banks on local economic development. Working on Italian municipality data in the period 2001-2011, we find that this type of banks plays a distinct role in enhanced local economic performance – particularly income, employment and firms’ birth growth rates – and that their presence is more effective compared to conventional banks. This evidence upholds the view that their more widespread presence would be beneficial, especially in those areas that suffer from lower economic growth, and accords with other studies underlining the decisive role of cooperative banks in supporting traditional credit provision to local borrowers.

Keywords: Cooperative banks, Growth, Municipalities, Economic performance

JEL Classification: G21, O4, R11

Suggested Citation

Coccorese, Paolo and Shaffer, Sherrill, Cooperative Banks and Local Economic Growth (February 18, 2018). CAMA Working Paper No. 11/2018. Available at SSRN: or

Paolo Coccorese

University of Salerno - Department of Economics ( email )

Via Giovanni Paolo II, 132
Fisciano, Salerno 84084

Sherrill Shaffer (Contact Author)

University of Wyoming ( email )

P.O. Box 3985
Laramie, WY 82071-3985
United States
307-766-2173 (Phone)
307-766-5090 (Fax)

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