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Is China Different? A Meta-Analysis of China’s Financial Sector Development




We examine whether China has benefited more than other countries from financial sector development by performing a meta-analysis of the relevant literature covering a large number of countries at different stages of development. Although the results for China are inconclusive, they indicate the absence of a direct link between financial development and economic growth.

Suggested Citation

  • Ljungvall, Christer & Gustavsson Tingvall, Patrik, 2012. "Is China Different? A Meta-Analysis of China’s Financial Sector Development," Ratio Working Papers 185, The Ratio Institute.
  • Handle: RePEc:hhs:ratioi:0185

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    References listed on IDEAS

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    9. Christer Ljungwall & Patrik Gustavsson Tingvall, 2010. "Is China different? A meta-analysis of the effects of foreign direct investment on domestic firms," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 8(4), pages 353-371.
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    Cited by:

    1. Ljungwall, Christer & Tingvall, Patrik Gustavsson, 2015. "Is China different? A meta-analysis of the growth-enhancing effect from R&D spending in China," China Economic Review, Elsevier, vol. 36(C), pages 272-278.
    2. Kerr, William A., 2016. "Disequilibrium, Trade and the Consequenses of Adjustment," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 17(2).
    3. repec:wly:econjl:v::y:2017:i:605:p:f236-f265 is not listed on IDEAS
    4. Ljungwall, Christer & Gustavsson Tingvall, Patrik, 2014. "No. 233 Is China Different? A Meta-Analysis of the Growth-enhancing Effect from R&D Spending in China," Ratio Working Papers 233, The Ratio Institute.

    More about this item


    meta-analysis; financial sector development; economic growth; China;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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