会议专题

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

The Second International Conference on Business Intelligence and Financial Engineering(BIFE 2009)(第二届商务智能与金融工程国际会议)

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)