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Working Paper 2003-044C Search | View by Year | View by Category | View by Author | View by JEL Code"A Spatial Analysis of State Banking Regulation"
We use a spatial model to investigate a state's choice of branch banking and interstate banking regimes as a function of the regime choices made by other states and other variables suggested in the literature. We extend the basic spatial econometric model by allowing spatial dependence to vary by geographic region. Our findings reveal that spatial effects have a large, statistically significant impact on state regulatory regime decisions. The importance of spatial correlation in the setting of state banking policies suggests the need to consider spatial effects in empirical models of state policies in general. Full Text - Acrobat PDF (518k) Notify Me of Updates for:
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