Banking activities and local output growth: does distance from centre matter?

dc.citation.epage244en_US
dc.citation.issueNumber2en_US
dc.citation.spage229en_US
dc.citation.volumeNumber42en_US
dc.contributor.authorÖzyildirim, S.en_US
dc.contributor.authorÖnder, Z.en_US
dc.date.accessioned2016-02-08T10:09:56Z
dc.date.available2016-02-08T10:09:56Z
dc.date.issued2008en_US
dc.departmentDepartment of Managementen_US
dc.description.abstractBanking activities and local output growth: does distance from centre matter? Regional Studies. In this paper the relation between local banking activities and local output growth is empirically studied in Turkey during the period 1991-2000. Although there is no legal restriction against regional banking, the banking sector is spatially concentrated in Turkey. In this institutional structure, the distance between headquarters and the local branches is argued to affect the role of financial intermediation in the development of provincial prosperity. Empirical findings suggest that banking activities have a significant positive impact on the per capita local output growth of regions, especially on those that are distant from the financial centre. However, when bank loans are adjusted to the size of the local economy (provincial gross domestic product, GDP), the relation between banking activities and the output per capita is found to be negative, suggesting that these loans are used to finance unprofitable and unproductive projects in distant provinces.en_US
dc.identifier.doi10.1080/00343400601142829en_US
dc.identifier.issn0034-3404
dc.identifier.urihttp://hdl.handle.net/11693/23175
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttp://dx.doi.org/10.1080/00343400601142829en_US
dc.source.titleRegional Studiesen_US
dc.subjectBanking activitiesen_US
dc.subjectDistanceen_US
dc.subjectFinancial centreen_US
dc.subjectLocal growthen_US
dc.subjectBankingen_US
dc.subjectEconomic impacten_US
dc.subjectEmpirical analysisen_US
dc.subjectFinancial servicesen_US
dc.subjectLocal economyen_US
dc.subjectEurasiaen_US
dc.subjectTurkeyen_US
dc.titleBanking activities and local output growth: does distance from centre matter?en_US
dc.typeArticleen_US

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