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Title:Financial sector development and growth: The Chinese experience PDF Logo
Authors:Hasan, Iftekhar
Zhou, Mingming
Issue Date:2006
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2006/85
Abstract:This paper documents the financial and institutional developments of China during the past two decades, when China was successfully transformed from a rigid centralplanning economy to a dynamic market economy following its unique path. We empirically examine the relationship between financial development and economic growth in China by employing a panel sample covering 31 Chinese provinces during the important transition period 1986-2002. Our evidence suggests that the development of financial markets, institutions, and instruments have been robustly associated with economic growth in China. – institutions ; growth ; financial intermediation ; transition ; China
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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