Cooperative banks and local economic growth

Coccorese, Paolo; Shaffer, Sherrill

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Cooperative banks and local economic growth

Date

2020

Authors

Coccorese, Paolo

Shaffer, Sherrill

Publisher

Carfax Publishing Ltd.

Abstract

This paper analyses the impact of cooperative banks on local economic development. Italian municipality data indicate that cooperative banks – more than conventional banks – are associated with enhanced income, employment and firms’ growth rates. This evidence is consistent with several other studies indicating a distinct role of cooperative banks in supporting traditional credit provision to local borrowers.