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Oil booms, bank productivity and natural resource curse in finance

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journal contribution
posted on 12.09.2019, 11:00 by Morakinyo O Adetutu, Kayode Odusanya, John E Ebireri, Victor Murinde
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.

Funding

Economic and Social Research Council (ESRC), UK and the UK Department for International Development (DFID) , Grant No. ES/N013344/2

History

School

  • Business and Economics

Department

  • Business

Published in

Economics Letters

Volume

186

Publisher

Elsevier BV

Version

AM (Accepted Manuscript)

Rights holder

© Elsevier B.V.

Publisher statement

This paper was accepted for publication in the journal Economics Letters and the definitive published version is available at https://doi.org/10.1016/j.econlet.2019.07.002.

Acceptance date

01/07/2019

Publication date

2019-07-11

Copyright date

2019

DOI

ISSN

0165-1765

Language

en

Depositor

Kayode Odusanya

Article number

108517

Usage metrics

Loughborough Publications

Categories

Keywords

BanksResource curseOil boomTotal factor productivity (TFP)

Licence

CC BY-NC-ND 4.0

Exports