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The Phenomenon Of National Development Bank: Theoretical Foundation And Effectiveness

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  • E. Selyavina

    (Financial University)

Abstract

Virtually every country has at least one institution regarded as a development bank. However, there is a marked gap in studies of development banks on national scale. Following this demand, the current paper aims to shed light on a phenomenon of national development banks. This article identifies theoretical roots of development bank’s existence and investigates its effectiveness. Based on the substantial amount of data observed we suggest an umbrella definition of a development bank. Further, we suggest relevant taxonomy to avoid potential misleading benchmarks. Descriptive statistics on macro-level of analysis demonstratesidiosyncratic nature of national development banks and its extreme heterogeneity. Constructed empirical model identifies general positive association between development bank’s foundation and national economic growth. Актуальность темы статьи обусловлена объективной необходимостью дальнейшего изучения феномена национального банка развития. В данной работе изучены теоретические аспекты существования банков развития и существующие подходы к оценке их эффективности. Основываясь на проведенном анализе, мы предлагаем «зонтичное» определение национального банка развития, а также подходк классификации банков развития, необходимый для проведения корректного внешнего бенчмаркинга. Представленная автором эмпирическая модель эффективности деятельности национальных банков развития документирует общую позитивную связь между их присутствием и экономическим ростом на национальном уровне. По результатам исследования сформулированы рекомендации по повышению эффективности деятельности национальных банков развития.

Suggested Citation

  • E. Selyavina, 2015. "The Phenomenon Of National Development Bank: Theoretical Foundation And Effectiveness," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 3(1), pages 34-56.
    • Handle: RePEc:scn:00rbes:y:2015:i:1:p:34-56
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    3. Scott, David H., 2007. "Strengthening the governance and performance of state-owned financial institutions," Policy Research Working Paper Series 4321, The World Bank.
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