Local banking and manufacturing growth: Evidence from India

Autor: Ashok Thampy, Mrityunjay K. Tiwary
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: IIMB Management Review, Vol 33, Iss 2, Pp 95-104 (2021)
Druh dokumentu: article
ISSN: 0970-3896
DOI: 10.1016/j.iimb.2021.03.013
Popis: This paper explores the relationship between local banking development and the growth of the manufacturing sector using district-level data from India. The results show that banking development at the local level is important for the growth of manufacturing in the region. We find that sector-specific credit, and not the total credit in the district, has a positive impact on local manufacturing output; suggesting that sector-specific lending technology is important. Further, we find that the constraints due to credit availability for manufacturing are lower in districts with higher literacy levels.
Databáze: Directory of Open Access Journals