The impact of banks and non-bank financial institutions on local economic growth in China

This paper provides evidence on the relationship between finance and high growth in China. Employing data for 27 Chinese provinces over the period 1995-2003, we assess the impact of banks and non-bank financial institutions on local economic growth. We argue that banks have had a larger impact than non-banks on local economic growth as they benefited earlier and more profoundly from China's financial reforms than their non-bank counterparts.

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Year of publication:	2007
Authors:	Cheng, Xiaogiang ; Degryse, Hans
Publisher:	Helsinki : Bank of Finland, Institute for Economies in Transition (BOFIT)
Subject:	growth \| financial development \| Chinese provinces \| banks

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Series:	BOFIT Discussion Papers ; 22/2007
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-952-462-891-4
Other identifiers:	557913675 [GVK] hdl:10419/212613 [Handle] RePEc:zbw:bofitp:bdp2007_022 [RePEc]
Classification:	E44 - Financial Markets and the Macroeconomy ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	EconStor

Persistent link: https://www.econbiz.de/10012148544