Cole, Rebel; Turk, Rima - 2007
to the private sector when they enjoy superior legal protection. We test this hypothesis using bank-level data over the … period 2000-2006 from 102 emerging-market countries and a random-effects model that controls for bank heterogeneity. We find … more bank credit, which, in turn, should lead to higher economic growth. However, these findings contradict the predictions …