Recent research on the restructuring of the financial industry from local banks to interstate conglomerates has raised questions about the impact on nonmetropolitan economies. In this paper, we develop two competing hypotheses and scrutinize the impact of local bank concentration (percent banks that are locally headquartered) on four measures of economic growth from 1980 to 2010 in metropolitan, micropolitan, and non-core Commuting Zones (CZs). We employ fixed effects panel regression models for the 1980–2010 time frame. We find that local bank concentration is positively related to business births and establishment dynamics in non-core and micropolitan CZs. The effects of local banking on measures of income and wages fail to show consistent effects. There are no positive local banking concentration effects on economic growth in metropolitan CZs during this time frame. Implications for theory, research, and policy are discussed.

中文翻译：

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相信它：当地银行有助于农村社区的繁荣吗？*

最近关于金融业从地方银行到州际企业集团重组的研究提出了对非大都市经济影响的质疑。在本文中，我们提出了两个相互竞争的假设，并仔细研究了本地银行集中度（总部设在本地的银行所占百分比）对 1980 年至 2010 年大都市、小都市和非核心通勤区 (CZ) 经济增长四种指标的影响。我们对 1980-2010 年时间范围采用固定效应面板回归模型。我们发现，地方银行集中度与非核心和小城市捷克区的企业诞生和建立动态呈正相关。地方银行对收入和工资指标的影响未能表现出一致的效果。在此期间，地方银行集中度对大城市长三角经济区的经济增长没有产生积极的影响。讨论了对理论、研究和政策的影响。