BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
The Impact of Banks and Non-Bank Financial Institutions on Local Economic Growth in China
() and Hans Degryse
Abstract: This paper provides evidence on the relationship between
finance and high growth in China. Employing data for 27 Chinese provinces
over the period 1995–2003, we assess the impact of banks and non-bank
financial institutions on local economic growth. We argue that banks have
had a larger impact than non-banks on local economic growth as they
benefited earlier and more profoundly from China’s financial reforms than
their non-bank counterparts.
Keywords: growth; financial development; Chinese provinces; banks; (follow links to similar papers)
JEL-Codes: E44; G21; (follow links to similar papers)
49 pages, February 4, 2007
Before downloading any of the electronic versions below
you should read our statement on
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
Questions (including download problems) about the papers in this series should be directed to Päivi Määttä ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom