Banking deregulation and innovation
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Chava, Sudheer; Oettl, Alexander; Subramanian, Ajay; Subramanian, Krishnamurthy
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Article
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2013
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Elsevier Science
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English
โ 526 KB
We document empirical support for a key micro-level channel-innovation by young, private firms-through which financial sector deregulation affects economic growth. We find that intrastate banking deregulation, which increased the local market power of banks, decreased the level and risk of innovatio