Oil booms, bank productivity and natural resource curse in finance
ECONOMICS LETTERS(2020)
Abstract
Using a rich monthly microdata, this study is the first one to investigate the effect of commodity booms on bank productivity in the context of resource-endowed economies. Consistent with the axiom of a natural resource curse in finance, we find significant decline in banks' total factor productivity (TFP) during episodes of oil booms. (C) 2019 Elsevier B.V. All rights reserved.
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Key words
Banks,Resource curse,Oil boom,Total factor productivity (TFP)
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