Financial Development and the FDI-growth Nexus in China: Evidence from Threshold Regression Models
The present paper employs panel data for 27 Chinese provinces from 1987 to 2007 to investigate the effects of FDI on economic growth at different stages of financial development. It is found that threshold effects of financial development are at work in the FDI-growth nexus. That is, FDI promotes economic growth only when the finance sector is sufficiently developed. As a result, due to the lower level of financial development, FDI plays a relatively smaller role in pushing forward Chinas economic growth.
financial development FDI-growth nexus threshold effect
ZHAO Yong ZHENG Yingmei
School of Economics, Renmin University of China, Beijing, P.R.China, 100872 School of Economics, Shandong University, Jinan, P.R.China, 250100
国际会议
威海
英文
532-540
2010-07-24（万方平台首次上网日期，不代表论文的发表时间）