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dc.contributor.authorSmolo, Edib
dc.date.accessioned2023-02-28T09:42:22Z
dc.date.available2023-02-28T09:42:22Z
dc.date.issued2020
dc.identifier.citationSmolo E. (2020) “Does Bank Concentration and Financial Development Contribute to Economic Growth? Evidence from OIC Countries.” In Ali, A. E. S., Ali, K. M., & Azrag, M. H. (Eds.), Enhancing Financial Inclusion through Islamic Finance, Volume II. Palgrave Studies in Islamic Banking, Finance, and Economics. Palgrave Macmillan, Cham. ISBN 978-3-030-39938-2, https://doi.org/10.1007/978-3-030-39939-9_3.en_US
dc.identifier.isbn978-3-030-39938-2en_US
dc.identifier.issn978-3-030-39938-2en_US
dc.identifier.doihttps://doi.org/10.1007/978-3-030-39939-9_3en_US
dc.identifier.urihttp://hdl.handle.net/20.500.14131/476
dc.description.abstractNumerous attempts have been made to study the impact of bank concentration and/or competition on economic growth especially after the global financial crisis. There is scarcity in literature covering this relationship within the Organization of Islamic Cooperation (OIC) member countries. This study investigates whether bank concentration and financial development contribute to economic growth within the OIC countries. It investigates whether the same applies to high-income and low-income countries; corrupted and less-corrupted countries. The study employs the generalized method of moments (GMM) estimators that best fit the sample. Overall, bank concentration seems to have a negative impact and non-linear relationship with economic growth. Financial development has a negative impact on economic growth with minute coefficients’ values that can be ignored economically. Economic conditions within the OIC countries may not be improved by additional financial services, but rather by reducing bank concentration (increasing competition), corruption and improving overall income levels.en_US
dc.language.isoenen_US
dc.publisherPalgrave Macmillanen_US
dc.subjectBank concentrationen_US
dc.subjectFinancial developmenten_US
dc.subjectEconomic growthen_US
dc.subjectOIC countriesen_US
dc.subjectCorruptionen_US
dc.subjectIncome levelen_US
dc.titleDoes Bank Concentration and Financial Development Contribute to Economic Growth? Evidence from OIC Countriesen_US
dc.typeBook chapteren_US
refterms.dateFOA2023-02-28T09:42:23Z
dc.source.pages51-109en_US
dc.contributor.departmentFinanceen_US


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