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Financial Development, Growth, and Regional Disparity in Post-Reform China

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  • Zhicheng Liang

Abstract

Deepening financial development and rapid economic growth in China have been accompanied by widening income disparity between the coastal and inland regions. In this paper, by employing panel dataset for 29 Chinese provinces over the period of 1990-2001 and applying the generalized method of moment (GMM) techniques, we examine the impacts of financial development on China's growth performance.

Suggested Citation

  • Zhicheng Liang, 2006. "Financial Development, Growth, and Regional Disparity in Post-Reform China," WIDER Working Paper Series RP2006-90, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2006-90
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    File URL: https://www.wider.unu.edu/sites/default/files/rp2006-90.pdf
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    References listed on IDEAS

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    1. Asli Demeirgüç-Kunt & Ross Levine (ed.), 0. "Finance and Growth," Books, Edward Elgar Publishing, number 17119.
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    3. Shang-Jin Wei & Ms. Genevieve Boyreau-Debray, 2004. "Can China Grow Faster? A Diagnosis of the Fragmentation of Its Domestic Capital Market," IMF Working Papers 2004/076, International Monetary Fund.
    4. Zhang, Xiaobo & Fan, Shenggen, 2004. "Public investment and regional inequality in rural China," Agricultural Economics, Blackwell, vol. 30(2), pages 89-100, March.
    5. Thomas Barnebeck Andersen & Finn Tarp, 2003. "Financial liberalization, financial development and economic growth in LDCs," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(2), pages 189-209.
    6. Zhang, Xiaobo & Tan, Kong-Yam, 2004. "Blunt to sharpened razor: incremental reform and distortions in the product and capital markets in China," DSGD discussion papers 13, International Food Policy Research Institute (IFPRI).
    7. Boyreau-Debray, Genevieve, 2003. "Financial intermediation and growth - Chinese style," Policy Research Working Paper Series 3027, The World Bank.
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    Cited by:

    1. Yang, Junhong & Guariglia, Alessandra & Peng, Yuchao & Shi, Yukun, 2022. "Inventory investment and the choice of financing: Does financial development play a role?," Journal of Corporate Finance, Elsevier, vol. 74(C).

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