Finance-growth nexus in China revisited: New evidence from principal components and ARDL bounds tests

Abdul Jalil, Mete Feridun and Ying Ma

International Review of Economics & Finance, 2010, vol. 19, issue 2, 189-195

Abstract: This article re-examines the finance-growth nexus in China using principal components analysis and ARDL bounds testing approach to cointegration. The results suggest that principal components have an effective role in examining the links between growth and financial development and, that financial development fosters economic growth.

Keywords: Financial; development; Economic; growth; ARDL; PCA (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (57)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:19:y:2010:i:2:p:189-195

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