Financial development & Growth in Combining operation: A Nonstationary Panel data Analysis
By using the panel root test & panel cointegration, this paper examines the impact of financial development in combining operation on economics growth. There is the evidence of a cointegration between economics growth and financial development among the sample countries, whose data are from 1994 to 2001across eight Asian countries. The data indicate that the increase of quality in bank development boosts economics growth, while the increase of quantity baffles economics growth. The stock market is relative to economics growth positively. So in order to advance economics, we should expand the roles of marketable bank, meanwhile decrease the roles of central bank, and curtail load business, and combine stock and insurance .
Combining operation Financial development Economics growth Nonstattionary panel data Panel cointegration Panel unit root
Huang Xuping 黄旭平
School of Business,Nanjing University,210093,Nanjing 南京大学商学院,江苏南京210093
国际会议
西安
英文
2006-07-17（万方平台首次上网日期，不代表论文的发表时间）