EconPapers    
Economics at your fingertips  
 

Regional financial efficiency and its non-linear effects on economic growth in China

May Hu, Jing Zhang and Chichur Chao

International Review of Economics & Finance, 2019, vol. 59, issue C, 193-206

Abstract: This paper examines regional financial efficiency and economic development in China. We find significant differences in financial efficiency among the eastern, central, and western regions of China and a non-linear relationship between financial efficiency and economic growth. We find that financial efficiency promotes economic growth only when it reaches a certain level (financial threshold). It increases capacity for the accumulation and allocation of financial resources where it exceeds the threshold. Rapid inancial development can provide a superior financial environment and improved conditions for economic growth to promote the continuous improvement of the Chinese economy.

Keywords: Regional financial efficiency; Gini coefficient; Theil index; Threshold regression (search for similar items in EconPapers)
JEL-codes: G01 C19 E01 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056018301990
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:59:y:2019:i:c:p:193-206

DOI: 10.1016/j.iref.2018.08.019

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-05-02
Handle: RePEc:eee:reveco:v:59:y:2019:i:c:p:193-206