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| Title: | | Financial sector development and growth: The Chinese experience  |
| 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 |
| JEL: | | G30 G10 O16 K40 |
| ISBN: | | 9291908630 |
| Document Type: | | Working Paper |
| Appears in Collections: | | WIDER Research Papers, United Nations University (UNU)
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