Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets

This paper examines the relationship between the structure of banking markets and economic growth using a new dataset on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period when the manufacturing sector was expanding rapidly and本文基于1899-1929年美国各州制造业行业增速与银行市场集中度的全新数据集，考察银行市场结构与经济增长之间的关联——这一时期美国制造业正处于快速扩张阶段。