Bank Concentration and Economic Growth Nexus Evidence from OIC Countries
This paper examines the relationship between bank concentration and economic growth in Organization of Islamic Cooperation (OIC) countries. This is done using the system GMM estimators on a panel data sample consisting of 41 countries and 650 observations. Our analysis reveals that bank concentratio...
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| Published in | Applied Finance Letters Vol. 9; pp. 81 - 111 |
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| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
18.11.2020
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| Online Access | Get full text |
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| Summary: | This paper examines the relationship between bank concentration and economic growth in Organization of Islamic Cooperation (OIC) countries. This is done using the system GMM estimators on a panel data sample consisting of 41 countries and 650 observations. Our analysis reveals that bank concentration has negative impact on economic growth and this relationship is non-linear. Furthermore, the impact of bank concentration on economic growth is found to be dependent on the country’s income and corruption levels. Therefore, it seems reasonable to conclude that bank concentration has negative impact on the economic growth in OIC countries. |
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| ISSN: | 2253-5799 2253-5802 |
| DOI: | 10.24135/afl.v9i2.206 |