Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/79770
PIRA download icon_1.1View/Download Full Text
Title: Finance-growth nexus in China from an endogenous switching perspective
Authors: Chow, WW
Fung, MK 
Leung, MK 
Issue Date: 2018
Source: Journal of international trade and economic development, 2018, v. 27, no. 4, p. 443-462
Abstract: This study examines the relationship between financial development and economic growth across Chinese provinces with switching causality. Four states are considered: bidirectional causality (state 1); one-way causality from growth to finance (state 2); one-way causality from finance to growth (state 3); and non-causality (state 4). While state 3 dominates in developed regions, states 1 and 3 occur intermittently in other regions. This implies that the demand for financial services induced by local economic growth plays a stronger role in driving financial development in under-developed regions. Consistent with prior research, bank loans negatively affect economic growth in China.
Keywords: Financial development
Economic growth
Switching causality
China regions
Publisher: Routledge, Taylor & Francis Group
Journal: Journal of international trade and economic development 
ISSN: 0963-8199
EISSN: 1469-9559
DOI: 10.1080/09638199.2017.1389976
Rights: © 2017 Informa UK Limited, trading as Taylor & Francis Group
This is an Accepted Manuscript of an article published by Taylor & Francis in The Journal of International Trade & Economic Development on 01 Dec 2017 (published online), available at: http://www.tandfonline.com/10.1080/09638199.2017.1389976
Appears in Collections:Journal/Magazine Article

Files in This Item:
File Description SizeFormat 
Fung_Finance-growth_Nexus_China.pdfPre-Published version967 kBAdobe PDFView/Open
Open Access Information
Status open access
File Version Final Accepted Manuscript
Access
View full-text via PolyU eLinks SFX Query
Show full item record

Page views

90
Last Week
0
Last month
Citations as of Mar 24, 2024

Downloads

43
Citations as of Mar 24, 2024

SCOPUSTM   
Citations

9
Citations as of Mar 29, 2024

WEB OF SCIENCETM
Citations

7
Last Week
0
Last month
Citations as of Mar 28, 2024

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.