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Title:Financial development, growth and regional disparity in post-reform China PDF Logo
Authors:Liang, Zhicheng
Issue Date:2006
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2006/90
Abstract:Deepening financial development and rapid economic growth in China have been accompanied by widening income disparity between the coastal and inland regions. In this paper, by employing panel dataset for 29 Chinese provinces over the period of 1990-2001 and applying the generalized method of moment (GMM) techniques, we examine the impacts of financial development on China’s growth performance. Our empirical results show that financial development significantly promotes economic growth in coastal regions but not in the inland regions; the weak finance-growth nexus in inland provinces may aggravate China’s regional disparities.
Subjects:financial development
income disparity
economy
China
JEL:D63
G20
R11
ISBN:9291908703
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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