Oligopolistic Competition in the Banking Market and Economic Growth
Oligopolistic Competition in the Banking Market and Economic Growth
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银行市场寡头竞争与经济增长
DOI：
10.1016/j.econmod.2017.07.017
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发表时间：
2018
影响因子：
4.7
通讯作者：
Mitsuyoshi Yanagihara
中科院分区：
文献类型：
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作者：
Kojun Hamada;Akihiko Kaneko;Mitsuyoshi Yanagihara
我们调查了银行的不完全竞争程度如何影响经济增长。本研究在具有内生成长的世代重叠模型中，探讨银行业的不完全竞争模型。我们证明了以下结果。第一，提高存款利率提高了经济的稳定增长速度。第二，随着银行之间竞争的加剧，经济增长率上升。第三，关于生产率提高导致的贷款利率上升是否会带来更高的经济增长率，这一点并不明确。在我们的数值练习中，我们举例说明了提高贷款利率提高增长率的可能性。
We investigate how banks' degree of imperfect competition affects economic growth. This study explores an imperfect competition model in banking in an overlapping generations model with endogenous growth. We demonstrate the following results. First, an increase in the deposit interest rate increases the steady growth rate of the economy. Second, as competition among banks intensifies, the economic growth rate increases. Third, it is ambiguous as to whether a higher lending interest rate caused by an increase in productivity results in a higher economic growth rate. In our numerical exercises, we exemplify the possibility that an increase in the lending interest rate increases the growth rate.