The finance-growth nexus in China: a meta-analysis

Drawing on a unique dataset from 30 studies on the finance-growth nexus in China, our prime objective is to examine the link between financial development and economic growth. After accounting for publication bias and between-study heterogeneity using meta-regression analysis, we find that the publication bias-corrected finance-growth nexus is positive and statistically significant. Interestingly, our findings also show that, when publication bias is corrected, the banking sector development plays a more crucial role in economic growth in China than the stock market development.