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These results indicate that uniformity of regulation may in fact be hindering and restricting the growth of some domestic and more peripheral and locally designed banking sectors in the form of rules designed for commercial banking operations.
Harhoff's (1999) econometric analysis of German engineering industry sectors yielded similar evidence of regional spill-over effects from academic institutions on the sectors in the form of new business formation.
At the core of any scientific approach to these issues there is the estimation of water withdrawals by industrial sectors in the form of water coefficients, which are measurements of the quantity of water withdrawn per dollar of GDP or output.
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Many initiatives could impose large costs on the private sector in the form of regulations.
That brightening outlook, he says, will carry over to the communications sector in the form of fewer failures.
Still more help was given by the UK public sector, in the form of land sales to developers on terms that generally reward the developer.
Such low yields fuelled the demand for alternative forms of "safe" assets that were artificially created by the finance sector in the form of the structure products linked to subprime mortgages.
The ministers did agree that a second bailout would involve the private sector "in the form of informal and voluntary rollovers of existing Greek debt" — a solution deemed acceptable by the European Central Bank.
But the cost of public profligacy is borne by the private sector, in the form of higher interest rates and scarce credit.Another barrier to growth is the financial system.
Furthermore, those high rewards could derive from "rent-seeking" by the financial sector, in the form of fees, charges and spreads, that have acted as a tax on the rest of the economy.A second candidate for the extractive-elite category is the public sector.
But many developing countries, under the influence of dynamic theories of economic development, have used a variety of direct and indirect controls to divert large sums of capital to the manufacturing sector in the form of loans at interest rates well below the level required to equate the demand and supply of capital funds.
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