Geographic Deregulation of Banking and Economic Growth
利用美国1965-1994年州级数据，检验银行放松管制（州内分行和跨州银行）是否通过扩大银行市场规模促进实际人均收入增长，实证支持放松管制短期促进经济增长。
State-level U.S. data for 1965 through 1994 are used to test for the effect of bank deregulation on economic growth. In particular, this study tests whether intrastate branch and interstate bank deregulation, measured by the activities of banks and bank holding companies, expedites growth in real per capita income through its effect on the size of banking markets. The empirical analysis supports the hypothesis that such deregulation enhances short-run economic growth.