This paper analyses the impact of cooperative banks on local economic development. Italian municipality data indicate that cooperative banks – more than conventional banks – are associated with enhanced income, employment and firms’ growth rates. This evidence is consistent with several other studies indicating a distinct role of cooperative banks in supporting traditional credit provision to local borrowers.
Cooperative banks and local economic growth
Coccorese, Paolo;
2021-01-01
Abstract
This paper analyses the impact of cooperative banks on local economic development. Italian municipality data indicate that cooperative banks – more than conventional banks – are associated with enhanced income, employment and firms’ growth rates. This evidence is consistent with several other studies indicating a distinct role of cooperative banks in supporting traditional credit provision to local borrowers.File in questo prodotto:
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