The relationship between financial-system reform and growth is of continuing interest and the subject of ongoing research; yet many aspects of it remain unclear. This paper contributes to the literature by an analysis of this relationship using Chinese time-series data. China is a particularly...

China has enjoyed high economic growth for three decades since the initiative of economic reform in 1978. This growth has however been driven mainly by labour-intensive, export-oriented manufacturing activities. Has innovation played a role in China’s economic growth? What are the determinants...

In this paper, a new indicator of bureaucratic quality is developed that has extensive coverage across countries (175) and time (1960-2000), based on data collection from the World Development Indicators and the International Finance Statistics databases. Both anecdotal and econometric evidence...