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Financial innovations in banking: impact on regional growth
[journal article]
Abstract
This article contributes to the literature on the relationship between finance and growth by analysing the relationships between financial intermediation and economic growth within the regions of one country, rather than different countries. The focus on regions is relevant since regional informatio... view more
This article contributes to the literature on the relationship between finance and growth by analysing the relationships between financial intermediation and economic growth within the regions of one country, rather than different countries. The focus on regions is relevant since regional information is more homogeneous, the legal and institutional factors are similar, and the relevant financial market is more accurately defined. Our study also incorporates the effects of a set of banking innovations. The analysis is undertaken for the Spanish regions. The results show that product and service delivery innovations contribute positively to regional GDP, investment and gross savings growth.... view less
Classification
Economic and Social Geography
Area Development Planning, Regional Research
Public Finance
Document language
English
Publication Year
2007
Page/Pages
p. 311-326
Journal
Regional Studies, 41 (2007) 3
DOI
https://doi.org/10.1080/00343400600928350
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)