Wahid, Abu N. M.; Jalil, Abdul - In: Economic Notes 39 (2010) 1-2, pp. 27-41
This paper tests the relationship between financial development and GDP volatility using Chinese data for the period 1977-2006. Our findings in this study suggest that a higher financial development reduces the volatility of real per capita GDP. The Autoregressive Distributed Lag (ARDL)...