Oil booms, bank productivity and natural resource curse in finance

Adetutu, Morakinyo O.; Odusanya, Kayode A.; Ebireri, John E.; Murinde, Victor

Abstract

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.

Citation

Adetutu, M. O., Odusanya, K. A., Ebireri, J. E., & Murinde, V. (2020). Oil booms, bank productivity and natural resource curse in finance. Economics Letters, 186, Article 108517. https://doi.org/10.1016/j.econlet.2019.07.002

• Journal Article Type: Article
• Acceptance Date: Jul 1, 2019
• Online Publication Date: Jul 11, 2019
• Publication Date: Jan 1, 2020
• Deposit Date: Oct 14, 2019
• Publicly Available Date: Oct 14, 2019
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Electronic ISSN: 1873-7374
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 186
• Article Number: 108517
• DOI: https://doi.org/10.1016/j.econlet.2019.07.002