Growth of City Regions and Bank Branch Localization

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F20%3A10246216" target="_blank" >RIV/61989100:27510/20:10246216 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.1051/shsconf/20207405019" target="_blank" >https://doi.org/10.1051/shsconf/20207405019</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1051/shsconf/20207405019" target="_blank" >10.1051/shsconf/20207405019</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Growth of City Regions and Bank Branch Localization

Popis výsledku v původním jazyce

Current research in regional science focuses on the relationships between production factors and their impact on the overall product of cities, as well as topics dealing with the contribution of different city sizes to the economic growth. However, the ongoing process of international financialization tightly linked to access to finance gains on importance as the financial sector serves as a conduit for capital transformation in space. This article examines the economic growth of Slovak city regions and estimates the effect of access to finance measured by bank branches availability in these regions, once controlling for the standard impact of production factors. We construct non-overlapping three 5-years periods panel for more than 60 Slovak urban regions and combine it with data on bank branches localization on the county level and for major domestic commercial banks. The standard Cobb-Douglas production function is utilized with regional output calculated for firms with more than 20 employees and measures of physical and quantity and quality of human capital as conditioning variables. The characteristics of individual banks with bank branches located inside the city regions are included in order to investigate quality effect of financialization process. In order to control for time-invariant region-specific effect we use fixed effect panel model. Potential endogeneity issue between regional productivity and bank branch localization is addressed by the use of IV-2SLS estimator.

Název v anglickém jazyce

Growth of City Regions and Bank Branch Localization

Popis výsledku anglicky

Current research in regional science focuses on the relationships between production factors and their impact on the overall product of cities, as well as topics dealing with the contribution of different city sizes to the economic growth. However, the ongoing process of international financialization tightly linked to access to finance gains on importance as the financial sector serves as a conduit for capital transformation in space. This article examines the economic growth of Slovak city regions and estimates the effect of access to finance measured by bank branches availability in these regions, once controlling for the standard impact of production factors. We construct non-overlapping three 5-years periods panel for more than 60 Slovak urban regions and combine it with data on bank branches localization on the county level and for major domestic commercial banks. The standard Cobb-Douglas production function is utilized with regional output calculated for firms with more than 20 employees and measures of physical and quantity and quality of human capital as conditioning variables. The characteristics of individual banks with bank branches located inside the city regions are included in order to investigate quality effect of financialization process. In order to control for time-invariant region-specific effect we use fixed effect panel model. Potential endogeneity issue between regional productivity and bank branch localization is addressed by the use of IV-2SLS estimator.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50200 - Economics and Business

Projekt

<a href="/cs/project/GA19-19485S" target="_blank" >GA19-19485S: Prostorová dynamika a nerovnost: Role konektivity a přístupu k financím</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Globalization and its Socio-economic Consequences - Sustainability in the Global-Knowledge Economy : 19th international scientific conference : 9th - 10th October 2019, Rajecke Teplice, Slovak Republic

ISBN

—

ISSN

2261-2424

e-ISSN

—

Počet stran výsledku

10

Strana od-do

1-10

Název nakladatele

EDP Sciences

Místo vydání

Les Ulis

Místo konání akce

Rajecké Teplice

Datum konání akce

9. 10. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000528040800118