Change-point analysis of the growth effects of state banking deregulation

Economic Inquiry

Volumn 43, Issue 3, 2005, Pages 601-613

  Freeman, Donald G ^a  

^a SAM HOUSTON STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 25844527365     PISSN: 00952583     EISSN: 14657295     Source Type: Journal    
DOI: 10.1093/ei/cbi041     Document Type: Article

References (31)

1. Abrams, B. A., M. Z. Clarke, and R. F. Settle. "The Impact of Banking and Fiscal Policies on State-Level Economic Growth." Southern Economic Journal, 66(3), 1999, 367-78.
2. Andrews, D. W. K. "Tests for Parameter Instability and Structural Change with Unknown Change Point." Econometrica, 61(4), 1993, 821-56.
3. Bai, J. "Estimation of a Change Point in Multiple Regression Models." Review of Economics and Statistics, 79(4), 1997, 551-63.
4. Bai, J., and P. Perron. "Estimating and Testing Linear Models with Multiple Structural Changes." Econometrica, 66(1), 1998, 47-78.
5. Baier, S., G. P. Dwyer Jr., and R. Tamura. "Does Opening a Stock Exchange Increase Economic Growth?" Journal of International Money and Finance, 23(2), 2004, 311-31.
6. Beck, N., and J. Katz. "What to Do (and What Not to Do) with Time-Series Cross-Section Data." American Political Science Review, 89(3), 1995, 634-47.
7. Ben-David, D., and D. Papell. "Some Evidence on the Continuity of the Growth Process among the G7 Countries." Economic Inquiry, 38(2), 2000, 320-30.
8. Berger, A. N., A. K. Kashyap, and J. M. Scalise. "The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been." Brookings Papers on Economic Activity, 2, 1995, 55-219.
9. Chow, G. C. "Tests of Equality between Sets of Coefficients in Two Linear Regressions." Econometrica, 28(3), 1960, 591-603.
10. Christiano, L. J. "Searching for a Break in GNP." Journal of Business and Economics Statistics, 10(2), 1992, 237-50.
11. Federal Deposit Insurance Corporation (FDIC). "Historical Statistics on Banking." Online document available at http://www2.fdic.gov/hsob/index. asp, 2004.
12. Fomby, T., and L. Lin. "A Change-Point Analysis of the Impact of 'Environmental Federalism' on Aggregate Air Quality in the United States: 1940-1998." Working Paper, Southern Methodist University, 2003.
13. Freeman, D. G. "Did State Bank Branching Deregulation Produce Large Growth Rates'?" Economics Letters, 75(3), 2002, 383-89.
14. Garrett, T. A., G. A. Wagner, and D. C. Wheelock "A Spatial Probit Analysis of State Banking Regulation." Working Paper 2003-044A, Federal Reserve Bank of St. Louis, 2003.
15. Goldsmith, Raymond W. Financial Structure and Development. New Haven, CT: Yale University Press, 1969.
16. Hansen, B. "Approximate Asymptotic p-Values for Structural-Change Tests." Journal of Business and Economic Statistics, 15(1), 1997, 60-67.
17. _. "The New Econometrics of Structural Change: Dating Breaks in U.S. Labor Productivity." Journal of Economic Perspectives, 15(4), 2001, 117-28.
18. Jayaratne, J., and P. E. Strahan. "The Finance-Growth Nexus: Evidence from Bank Branch Deregulation." Quarterly Journal of Economics, 111(3), 1996, 639-70.
19. Jeon, Y., and S. Miller. "Deregulation and Structural Change in the U.S. Commercial Banking Industry." Eastern Economic Journal, 29(3), 2003, 391-14.
20. Kane, E. J. "De Jure Interstate Banking: Why Only Now?" Journal of Money, Credit and Banking, 28(2), 1996, 141-61.
21. Krol, R., and S. Svorny. "The Effect of the Bank Regulatory Environment on State Economic Activity." Regional Science and Urban Economics, 26(5), 1996, 531-41.
22. Levine, R. "More on Finance and Growth: More Finance, More Growth?" Federal Reserve Bank of St. Louis Economic Review, 85(4), 2003, 31-46.
23. Maddala, G. Econometrics. New York: McGraw-Hill, 1977.
24. McConnell, M. M., and G. Perez-Quiros. "Output Fluctuations in the United States: What Has Changed since the Early 1980s?" American Economic Review, 90(5), 2000, 1464-76.
25. McKinnon, Ronald I. Money and Capital in Economic Development. Washington, DC: Brookings Institution, 1973.
26. Robinson, J. The Rate of Interest, and Other Essays. London: Macmillan, 1952.
27. Schmeltzer, J. "Illinois Laws Curbed Banks' Size, Scope." Chicago Tribune, 16 January 2004.
28. Schumpeter, J. A. The Theory of Economic Development. Cambridge, MA: Harvard University Press, 1934.
29. Strahan, P. E. "The Real Effects of U.S. Banking Deregulation." Federal Reserve Bank of St. Louis Economic Review, 85(4), 2003, 111-28.
30. Wall, H. "Entrepreneurship and the deregulation of banking." Economics Letters, 82(3), 2004, 33-39.
31. Wheelock, D. "Commentary on The real effects of U.S. banking deregulation.'" Federal Reserve Bank of St. Louis Economic Review, 85(4), 2003, 129-33.