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The impact of bank and non-bank financial institutions on local economic growth in China Author info | Abstract | Publisher info | Download info | Related research | Statistics Cheng, Xiaoqiang
Degryse, Hans (Tilburg University, Center for Economic Research)
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This paper provides evidence on the relationship between finance and growth in a fast growing country, such as China. Employing data of 27 Chinese provinces over the period 1995-2003, we study whether the financial development of two different types of institutions - banks and non-bank financial institutions - have a (significantly different) impact on local economic growth. Our findings indicate that only banking development shows a statistically significant and economically relevant impact on local economic growth.
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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number
82.
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Date of creation: 2006Date of revision:
Handle: RePEc:dgr:kubcen:200682Contact details of provider: Web page: http://center.uvt.nl
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Find related papers by JEL classification: E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Maksimovic, Vojislav & Demirguc-Kunt, Asli & Ayyagari, Meghana, 2008.
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