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

Xiaogiang Cheng and Hans Degryse

No 22/2007, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT)

Abstract: 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.

Keywords: growth; financial development; Chinese provinces; banks (search for similar items in EconPapers)
JEL-codes: E44 G21 (search for similar items in EconPapers)
Date: 2007
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https://www.econstor.eu/bitstream/10419/212613/1/bofit-dp2007-022.pdf (application/pdf)

Related works:
Journal Article: The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China (2010)
Working Paper: The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China (2006)
Working Paper: The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofitp:bdp2007_022

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