scholarly journals INVESTIGATING BANK MARKET CONCENTRATION IN THE SOUTHERN REGION OF THE UNITED STATES: IMPLICATIONS FOR BANKING STRUCTURE

2021 ◽  
Vol 6 (3) ◽  
pp. 91-105
Author(s):  
Musa Essayyad ◽  
Banamber Mishra ◽  
Omar Al-Titi ◽  
Prakriti Karki
Keyword(s):  
United States ◽  
Economic Development ◽  
Commercial Banks ◽  
Value Added ◽  
The United States ◽  
Southern Region ◽  
Perfect Competition ◽  
A Value ◽  
Banking Market ◽  
Regulatory Bodies

The objective of this paper is to determine whether commercial banks in the Southern Region of the United States are highly concentrated and hence less competitive in offering favorable lending terms to borrowers and subsequently hindering economic development in their region.  The paper employs concentration measures to estimate the concentration degrees of commercial banks in the Southern Region of the United States in 2019. Data for deposits and loans plus leases of banks in 12 states in the South were collected for the year 2019 from the following sources: http://www.ofi.state.la.us/  and http://www.ibanknet.com/. Empirical results show that only commercial bank markets in Kentucky and Florida have perfect competition. The commercial banks in other ten states are either uncompetitive or less competitive, thereby creating adverse economic development environments for prospective corporate and individual borrowers in  those states, and consequently impairing the profitability, stability and risk structure of the banking industry in most states covered in the Southern Region.  The paper provides a value- added literature contribution to US banking market structure.  The next step would be up to state and federal bank regulatory bodies to address the issue in those less competitive states and their potential on economic development in that region.   

Anne O. Krueger, Constantine Michalopoulos and Vernon W. Ruttan. Aid and Development. Baltimore: The Johns Hopkins University Press. 1989. xiv + 386 pp.Price: U.S. $ 52.00

1991 ◽  
Vol 30 (2) ◽  
pp. 213-217
Author(s):  
Mir Annice Mahmood
Keyword(s):  
United States ◽  
Economic Development ◽  
International Development ◽  
Western Europe ◽  
Development Assistance ◽  
The United States ◽  
Social Infrastructure ◽  
Low Literacy ◽  
The Subject ◽  
The Impact

Foreign aid has been the subject of much examination and research ever since it entered the economic armamentarium approximately 45 years ago. This was the time when the Second World War had successfully ended for the Allies in the defeat of Germany and Japan. However, a new enemy, the Soviet Union, had materialized at the end of the conflict. To counter the threat from the East, the United States undertook the implementation of the Marshal Plan, which was extremely successful in rebuilding and revitalizing a shattered Western Europe. Aid had made its impact. The book under review is by three well-known economists and is the outcome of a study sponsored by the Department of State and the United States Agency for International Development. The major objective of this study was to evaluate the impact of assistance, i.e., aid, on economic development. This evaluation however, was to be based on the existing literature on the subject. The book has five major parts: Part One deals with development thought and development assistance; Part Two looks at the relationship between donors and recipients; Part Three evaluates the use of aid by sector; Part Four presents country case-studies; and Part Five synthesizes the lessons from development assistance. Part One of the book is very informative in that it summarises very concisely the theoretical underpinnings of the aid process. In the beginning, aid was thought to be the answer to underdevelopment which could be achieved by a transfer of capital from the rich to the poor. This approach, however, did not succeed as it was simplistic. Capital transfers were not sufficient in themselves to bring about development, as research in this area came to reveal. The development process is a complicated one, with inputs from all sectors of the economy. Thus, it came to be recognized that factors such as low literacy rates, poor health facilities, and lack of social infrastructure are also responsible for economic backwardness. Part One of the book, therefore, sums up appropriately the various trends in development thought. This is important because the book deals primarily with the issue of the effectiveness of aid as a catalyst to further economic development.

Comparative analysis of the trade policy of Barack Obama and Donald Trump

2020 ◽  
pp. 59-71
Author(s):  
V. Iordanova ◽  
A. Ananev
Keyword(s):  
United States ◽  
Economic Development ◽  
Comparative Analysis ◽  
Trade Policy ◽  
World Economy ◽  
The United States ◽  
Barack Obama ◽  
Scientific Article ◽  
Donald Trump ◽  
Entire World

The authors of this scientific article conducted a comparative analysis of the trade policy of US presidents Barack Obama and Donald Trump. The article states that the tightening of trade policy by the current President is counterproductive and has a serious impact not only on the economic development of the United States, but also on the entire world economy as a whole.

Response: The Use of Economic Anthropology in Economic Development

1995 ◽  
Vol 9 (4) ◽  
pp. 321-323
Author(s):  
Rhoda H. Halperin
Keyword(s):  
United States ◽  
Economic Development ◽  
Informal Economy ◽  
Analytical Methods ◽  
The United States ◽  
Development Research ◽  
Review Of The Literature ◽  
Street Vending ◽  
Research And Practice ◽  
History Of

The author comments on the use of anthropological methodologies in economic development research and practice in a developed economy such as the United States. The focus is the article by Morales, Balkin, and Persky on the closing of Chicago's Maxwell Street Market in August 1994. The article focuses on monetary losses for both buyers (consumers of market goods) and sellers (vendors of those goods) resulting from the closing of the market. Also included are a brief history of the market and a review of the literature on the informal economy. The authors measure “the value of street vending” by combining ethnographic and economic analytical methods.

The Service Sector in the United States, 1839 to 1899

1967 ◽  
Vol 27 (4) ◽  
pp. 625-628 ◽  
Author(s):  
Thomas Weiss
Keyword(s):  
United States ◽  
Service Sector ◽  
Value Added ◽  
The United States ◽  
Professional Services ◽  
Service Industries ◽  
Public Utilities ◽  
Personal Services ◽  
Government Education ◽  
Quantitative Development

The dissertation is a study of the service industries in the United States during the period 1839 through 1899. The primary purpose of the study is to provide three series relating to the quantitative development of the sector. These series—value-added, gainful workers, and capital stock—provide benchmark estimates at decade intervals centered on census years. Series are presented for the aggregate sector; the major components, final and intermediate services; and eight industries. These eight industries, defined as the service sector, are trade, transportation and public utilities, finance and insurance, professional services, personal services, government, education, and the independent hand trades.

Dynamics of Pakhtun Social Structure: Implications for Economic Development

2021 ◽  
pp. 27-42
Keyword(s):  
Social Psychology ◽  
United States ◽  
Economic Development ◽  
Saudi Arabia ◽  
Social Structure ◽  
The United States ◽  
Protestant Work Ethic ◽  
Social Character ◽  
Capitalist Economy ◽  
The Social

Every region and people has peculiar economic characteristics and these features largely have roots in that region‟s social structure, social psychology and its dynamics. The capitalist economy of the United States has roots in individualismand Protestant Work Ethic, influenced both by Protestant religion and the social character of the Americans; the Client Economy of Saudi Arabia has deep linkages to its tribal social structure and the so-called Bazaar Economy of Afghanistan is profoundly embedded in the Pakhtun social structure of the country. The Pakhtuns of Pakistan have a peculiar social structure and social psychology thereof having profound and extensive influence on the region‟s economy particularly its largely underdevelopedcondition. The paper explores the characteristics of Pakhtun social structure and the interactive linkages between the social edifice and economic development or lack of it.

Pantoja, Antonia

2021 ◽  
Author(s):  
Sadye L. M. Logan
Keyword(s):  
United States ◽  
Economic Development ◽  
Human Rights ◽  
Puerto Rican ◽  
The United States

Antonia Pantoja (1921–2002) was a civil and human rights activist, educational innovator, housing and economic development trailblazer, and a visionary. She was the principal architect of the most enduring Puerto Rican organizations in the United States.

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