, PhD, Head of Cherkasy Oblast Administration of JSC “State Savings Bank of Ukraine” (Oschadbank), Ukraine
, MS, Researcher of Xferl Research, Canada
The authors systematize the economic-mathematical models, as well as the results of empirical studies of authoritative international analytical agencies and financial institutions, in which the influence of state capital in the banking system on the development of national economies was formalized on different countries in different periods. The analysis showed that such studies often give some completely opposite results. The reason for these authors is that the sample of countries in these models is formed mainly taking into account differences in the scale of state participation and levels of economic development of countries. This approach is erroneous because it does not take into account the specifics of the construction of the financial sector in these countries and the functions performed by the state banks.
Keywords: state bank, economic growth, economic and mathematical models.
JEL Classification: O42, P43, P51.
Cite as: Onyshchenko, V., Chen B. X. (2017). Influence of State Banks on Economic Growth: A Cross-Country Analysis. Financial Markets, Institutions and Risks, 1(3), 44-54. DOI: 10.21272/fmir.1(3).44-54.2017
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