Impact of Financial Crisis on the Economic Growth of China

摘要：

The current financial crisis has a significant effect on the economic development of many countries. The paper analyses the transmission of global financial crisis to the economic growth of China. Applying dynamic correlation, the paper utilizes Granger Causality Test to investigate the relationship between financial system and economic growth, so as to find out whether the shocks from financial system could be transmitted to the economic growth of China. Thus, it could be concluded whether the current financial crisis has made a substantial impact on the economic growth of China. The paper points out that the link between financial system and economic growth of China is rather weak so that conclusion could be made that the financial crisis has no serious impact on the economic growth of China.

关键词： Financial Crisis Financial System Economic Growth Granger Causality Test China

作者: Xu Feng Xie Dan

作者单位: Research Center of Financial EngineeringSouth China University of TechnologyGuangzhou, China Research Center of Financial Engineering South China University of Technology Guangzhou, China

会议类型: 国际会议

会议名称: 2010 2nd IEEE International Conference on Information Management and Engineering(2010年IEEE第二届信息管理与工程国际会议 IEEE ICIME 2010)

会议地点: 成都

会议语种:英文

页码: 1-4

在线出版日期: 2010-04-16（万方平台首次上网日期，不代表论文的发表时间）