摘要：A number of studies have investigated the relationship between financial sector developmentand economic growth; however, the impact of bank profitability on economic growth is still unclear.We investigate the link between bank profitability and economic growth in the Asia-Pacific region overthe period 2004–2014. Using the system GMM estimator, our findings suggest that a profitable bankingsector is a prerequisite for economic growth in the Asia-Pacific region and that the impact of bankprofitability on economic growth is more prominent in small banking sectors. Perhaps surprisingly,we found that the bank size has a negative impact on GDP growth, with the influence of bankprofitability on economic growth reducing as the size of the banking sector increases. Our results alsoshow that the impact of profitability on economic growth is much larger in developed economiescompared to small emerging and large emerging economies.
关键词：economic growth; financial sector development; global financial crisis; bank profitability
