Political connection, bank credits and growth: evidence from Turkey

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dc.citation.epage1065en_US
dc.citation.issueNumber6en_US
dc.citation.spage1042en_US
dc.citation.volumeNumber34en_US
dc.contributor.authorOnder, Z.en_US
dc.contributor.authorOzyildirim, S.en_US
dc.date.accessioned2016-02-08T09:53:02Z
dc.date.available2016-02-08T09:53:02Z
dc.date.issued2011en_US
dc.description.abstractThe pervasive existence of government-owned banks in emerging economies is often justified by their provision of access to credit in remote and underdeveloped regions that are ignored by private banks. This paper analyses whether credits provided by government-owned and private banks have a significant role in regional growth and whether this role changes in politically connected areas in Turkey. Our findings imply that private banks significantly improve the economic well-being in all Turkish provinces regardless of their development level or their political connection with the ruling party. However, credits by government-owned banks are found to be positively related to the per capita growth rate only in the less developed provinces that are advocates of the ruling political party and also developed but not politically connected provinces. These results suggest that government-owned bank credits, as implied by the political view, are used for funding politically desirable projects or politically connected borrowers.en_US
dc.identifier.doi10.1111/j.1467-9701.2011.01342.xen_US
dc.identifier.issn0378-5920
dc.identifier.urihttp://hdl.handle.net/11693/21917
dc.language.isoEnglishen_US
dc.publisherWiley-Blackwell Publishingen_US
dc.relation.isversionofhttp://dx.doi.org/10.1111/j.1467-9701.2011.01342.xen_US
dc.source.titleWorld Economyen_US
dc.subjectAccessibilityen_US
dc.subjectBankingen_US
dc.subjectCredit provisionen_US
dc.subjectEconomic developmenten_US
dc.subjectEconomic growthen_US
dc.subjectGross domestic producten_US
dc.subjectGrowth rateen_US
dc.subjectPolitical reformen_US
dc.subjectRegional developmenten_US
dc.subjectState owned enterpriseen_US
dc.subjectTurkeyen_US
dc.titlePolitical connection, bank credits and growth: evidence from Turkeyen_US
dc.typeArticleen_US

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