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The finance-growth nexus in China: a meta-analysis

Fei Guo and Shi He

Applied Economics Letters, 2020, vol. 27, issue 13, 1071-1075

Abstract: Drawing on a unique dataset from 30 studies on the finance-growth nexus in China, our prime objective is to examine the link between financial development and economic growth. After accounting for publication bias and between-study heterogeneity using meta-regression analysis, we find that the publication bias-corrected finance-growth nexus is positive and statistically significant. Interestingly, our findings also show that, when publication bias is corrected, the banking sector development plays a more crucial role in economic growth in China than the stock market development.

Date: 2020
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DOI: 10.1080/13504851.2019.1659926

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