Does financial crisis change the relationship between bank development and economic growth? Evidence from US states.
This paper investigates the causal relationship between bank development and economic growth in the US before and after the financial crisis in 2008. Based on the quarterly panel data of US states for 2002Q1-2012Q4, this paper uses two-step system GMM method to test the long-term and short-term impa...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2022-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0267394 |