Hoffmann, Kristin: Regional finance and growth : empirical evidence on the relationship between financial and economic development on the local level. 2017
Inhalt
- Acknowledgements
- Abstract
- Contents
- List of Figures
- List of Tables
- List of abbreviations, names and synonyms
- 1. Introduction
- 2. The finance and growth nexus in the literature
- 3. The endogeneity problem
- 3.1. The instrument for East Germany
- 3.1.1 The GDR banking system
- 3.1.2 The transformation of the GDR banking system
- 3.1.3 East German banking data for 1989/90
- 3.2 The instrument for West Germany
- 3.3 The relevance condition
- 3.4 The exclusion condition
- 4. Data
- 5. Descriptive statistics
- 5.1 Twenty-five years of banking development in East Germany overall
- 5.2 Regional development in East Germany
- 5.3 Regional banking development in Germany overall
- 5.4 Comparison of banking structures in East and West Germany
- 6. Estimation approach and results
- 6.1 Characterizing local financial development
- 6.2 Characterizing regional economic development
- 6.3 Econometric model
- 6.4 Estimation results
- 6.4.1 The role of local banking markets for regional acroeconomic development
- 6.4.2 Local financial development and the growth of regional firms
- 6.4.3 Local financial development and major growth-enhancing firm activities
- 6.4.4 The role of local financial markets for founding/closing-down activities
- 7. Summary
- References
- Appendix