Arbeitspapier

The financial deepening-productivity nexus in China: 1987 - 2001

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. It finds that a significant and positive nexus exists between financial deepening and productivity growth. Given the divergent pattern of financial deepening between coastal and inland provinces, this finding also helps explain the rising regional disparity in China.

ISBN
9291909475=978-92-9190-947-6
Sprache
Englisch

Erschienen in
Series: WIDER Research Paper ; No. 2007/08

Klassifikation
Wirtschaft
Thema
growth
financial development
productivity
China
Finanzsektor
Finanzintermediär
Produktivität
China

Ereignis
Geistige Schöpfung
(wer)
Zhang, Jun
Wan, Guanghua
Jin, Yu
Ereignis
Veröffentlichung
(wer)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(wo)
Helsinki
(wann)
2007

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Zhang, Jun
  • Wan, Guanghua
  • Jin, Yu
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Entstanden

  • 2007

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