Financial development and capital account liberalization of China: institutions and the sequence of liberalization

被引：0
|
作者：
Xiong, Fang [1 ]
机构：
[1] S Cent Univ Nationalities, Econ Sch, Wuhan 430074, Peoples R China
来源：
SEVENTH WUHAN INTERNATIONAL CONFERENCE ON E-BUSINESS, VOLS I-III: UNLOCKING THE FULL POTENTIAL OF GLOBAL TECHNOLOGY | 2008年
关键词：
Capital Account liberalization; Financial Development; Sequence; Trade liberalization;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates nexus among capital account liberalization, financial development, institutions and trade liberalization with data of China from 1978 to 2005. Results indicate total effects of capital account openness on financial development are restricted by institutional quality; Trade liberalization significantly spurs capital account liberalization and is the Granger cause of the latter, but the reverse does not appear to be the case. Moreover, trade liberalization has a significant negative correlation with financial development. Base on these results, this paper further analyses the sequence of forthcoming reform of China.
引用
收藏
页码：1677 / 1683
页数：7
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