Public ownership of banks and economic growth : The role of heterogeneity

  • Tobias Körner Isabel Schnabel
  • Published 2010


In an influential paper, La Porta, Lopez-De-Silanes and Shleifer (2002) argued that public ownership of banks is associated with lower GDP growth. We show that this relationship does not hold for all countries, but depends on a country’s financial development and political institutions. Public ownership is harmful only if a country has low financial… (More)

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