Studies have shown that the larger the fraction of government-owned banks in a country,the faster the country's rate of per capita GDP growth.

Question

Quizplus · Accepted Answer

This statement is false. Studies have actually found the opposite - that countries with more government-owned banks tend to have slower rates of per capita GDP growth. This is likely due to the inefficiencies and bureaucratic nature often associated with government-run institutions.

Studies Have Shown That the Larger the Fraction of Government-Owned