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The quality and quantity of bank intermediation and economic growth: evidence from Asia Pacific
Fu,Xiaoqing (Maggie)1; Lin,Yongjia (Rebecca)2; Molyneux,Philip3
2018-09-02
Source PublicationApplied Economics
ISSN14664283 00036846
Volume50Issue:41Pages:4427-4446
Abstract

We investigate the impact of the quantity and quality of bank intermediation on economic growth across 14 Asia-Pacific economies over 2003–2015. Measures of bank shareholder value efficiency as well as profit and cost efficiency are used as indicators of intermediation quality. We also employ measures of liquidity creation (fat and nonfat) as a proxy for the quantity of bank intermediation. Our main finding is that the quality of bank intermediation (enhanced credit allocation) is a driver of economic growth in developed Asia-Pacific economies, whereas it is the quantity of bank intermediation (capital accumulation) that positively influences growth in developing nations. From a policy perspective, our findings suggest that policymakers in developed nations should concentrate their efforts on reforms that enhance bank efficiency. Second, reforms that stimulate capital accumulation should be encouraged in developing economies because this is the main channel that spurs economic growth.

KeywordBank Efficiency Banks In Asia Pacific Liquidity Creation Regional Growth
DOI10.1080/00036846.2018.1450486
URLView the original
Indexed BySSCI
Language英语
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000438097100004
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Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorLin,Yongjia (Rebecca)
Affiliation1.Faculty of Business Administration,University of Macau,,Taipa,Macao
2.School of Business,Macau University of Science and Technology,,Taipa,Macao
3.College of Business Administration,University of Sharjah,,Sharjah,United Arab Emirates
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Fu,Xiaoqing ,Lin,Yongjia ,Molyneux,Philip. The quality and quantity of bank intermediation and economic growth: evidence from Asia Pacific[J]. Applied Economics,2018,50(41):4427-4446.
APA Fu,Xiaoqing ,Lin,Yongjia ,&Molyneux,Philip.(2018).The quality and quantity of bank intermediation and economic growth: evidence from Asia Pacific.Applied Economics,50(41),4427-4446.
MLA Fu,Xiaoqing ,et al."The quality and quantity of bank intermediation and economic growth: evidence from Asia Pacific".Applied Economics 50.41(2018):4427-4446.
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