Orientation of Market Allocation in Chinas Financial Development

摘要：

This article uses the provincial panel data in China to test the functions of the countrys financial system. Results show that after the reform of financial liberalization, the financial system has begun to play its role in resource allocation, and has promoted economic growth through both capital accumulation and technical progress. However, the financial marketization degree is not high and technology absorption capacity measured by financial development level remains poor. Thus the financial system did not contribute to the promotion of technical progress and economic growth.

作者: Hong-hui DENG Ji-rong SU

作者单位: No.403Rm, 42Bld, Yuanling Village, Futian District, Shenzhen, China No.137, Yanjiang Road, Yuexiu District, Guangzhou, China

会议类型: 国际会议

会议名称: 2011 IEEE 18th International Conference on Industrial Engineering and Engineering Management(2011 IEEE 第十八届工业工程与工程管理国际会议 IEEM2011)

会议地点: 长春

会议语种:英文

页码: 1904-1910

在线出版日期: 2011-09-03（万方平台首次上网日期，不代表论文的发表时间）