Regional financial efficiency and its non-linear effects on economic growth in China

被引：47

作者：

Hu, May ^{[1
]}

Zhang, Jing ^{[2
]}

Chao, Chichur ^{[1
]}

机构：

[1] Deakin Univ, Geelong, Vic, Australia

[2] Shandong Univ Finance & Econ, Jinan, Shandong, Peoples R China

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2019年 / 59卷

基金：

美国国家科学基金会;

关键词：

Regional financial efficiency; Gini coefficient; Theil index; Threshold regression; COMPETITION; MARKETS; BANKING; RISK; INTERMEDIATION; INVESTMENT; IMPACTS;

D O I：

10.1016/j.iref.2018.08.019

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines regional financial efficiency and economic development in China. We find significant differences in financial efficiency among the eastern, central, and western regions of China and a non-linear relationship between financial efficiency and economic growth. We find that financial efficiency promotes economic growth only when it reaches a certain level (financial threshold). It increases capacity for the accumulation and allocation of financial resources where it exceeds the threshold. Rapid inancial development can provide a superior financial environment and improved conditions for economic growth to promote the continuous improvement of the Chinese economy.

引用

页码：193 / 206

页数：14

共 46 条

[1] Financial development and economic growth: Assessing the evidence [J].