Financial Development and Economic Growth-based on the panel data (1994-2005) of all provinces in China
This paper uses the panel data (1994-2005) of all provinces in China and takes the important factors (investment, import and export, human capital, FDI, government expenditure and so on) which impact Chinas economic growth as control variables, employing the two-way fixed-effect model and GMM method (Panel Generalized Method of Moments) to estimate the correlation between financial development and economic growth. The empirical research shows that financial intermediary development has a significant positive correlation with the economic growth, but the financial interrelation ratio (FIR) doesnt indicate this.
financial development of China economic growth financial interrelation ratio
Chengli Zheng Yanyan Yu
School of Economics, Huazhong Normal University, Wuhan, 430079, China
国际会议
北京
英文
790-793
2009-07-24（万方平台首次上网日期，不代表论文的发表时间）