Financial Development and Economic Growth: An Analysis Based on Provincial Panel Data

被引：3

作者：

Yang, Xu ^{[1
]}

Yuan, Wang ^{[1
]}

机构：

[1] Huazhong Univ Sci & Technol, Sch Econ, Wuhan 430074, Peoples R China

来源：

2010 2ND IEEE INTERNATIONAL CONFERENCE ON INFORMATION AND FINANCIAL ENGINEERING (ICIFE) | 2010年

关键词：

finacial development; economic growth; panal data; COINTEGRATION; TESTS;

D O I：

10.1109/ICIFE.2010.5609444

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

This paper examines the causal relationship between financial development and economic growth for the case of China over the period 1978-2007. A panel data framework is used as an appropriate specification and the long-run relationship among financial development, growth and other key growth factors is analyzed in a theoretically based system. The empirical results show that there exists a unidirectional causality from financial development to economic growth in China, and financial development is found to lead and promote the economic growth. Conclusion give some policy suggestions.

引用

页码：655 / 658

页数：4

共 12 条

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