Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/260077
Year of Publication: 
2013
Series/Report no.: 
Working Paper No. 2013:19
Publisher: 
Lund University, School of Economics and Management, Department of Economics, Lund
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.
Subjects: 
China
Banking sector
Economic growth
JEL: 
G21
O16
P30
Document Type: 
Working Paper

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