Working Papers, Department of Economics, Lund University
Fredrik N. G. Andersson
Lending for Growth? An Analysis of State-Owned Banks in China
(), Katarzyna Burzynska
() and Sonja Opper
Abstract: This paper provides the first comparative analysis of
different types of publicly owned banks operating in China between 1997 and
2008. Using principal component analysis and Granger-causality tests, this
study shows that China’s state-owned commercial banks and rural credit
cooperatives did not promote GDP growth during the observation period.
State-owned commercial banks even had a negative effect on growth in the
manufacturing sector. By contrast, state policy banks and joint stock
commercial banks did promote domestic growth. China’s experience presents a
more nuanced picture of state banking that goes beyond the role of
ownership to consider functional and institutional differences.
Keywords: China; Banking sector; Economic growth; (follow links to similar papers)
JEL-Codes: G21; O16; P30; (follow links to similar papers)
42 pages, June 17, 2013
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