The Financial Deepening-Productivity Nexus in China: 1987-2001

Jun Zhang, Guanghua Wan and Yu Jin ()

No RP2007-08, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The financial intermediation-growth nexus is a widely studied topic in the literature of development economics. Deepening financial intermediation may promote economic growth by mobilizing more investments, and lifting returns to financial resources, which raises productivity. Relying on provincial panel data from China, this paper attempts to examine if regional productivity growth is accounted for by the deepening process of financial development. Towards this end, an appropriate measurement of financial depth is constructed and then included as a determinant of productivity growth.

Keywords: Economic development; Investments; Productivity (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (9)

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Journal Article: The Financial Deepening-Productivity Nexus in China: 1987-2001 (2007)
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