Stock Market Development and Economic Growth: Evidence of China

被引：0
|
作者：
Duan Hongbin [1 ]
机构：
[1] Xinjiang Univ Finance & Econ, Xinjiang 830012, Peoples R China
来源：
MARKETING SCIENCE INNOVATIONS AND ECONOMIC DEVELOPMENT | 2010年
关键词：
Stock Market; Economic Growth; Causality Analysis;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
One of the most enduring debates in economics is whether stock market causes economic growth or whether it is a consequence of increased economy. The paper, using a data set for the period 1995-2007 and applying the co-integration and causality analysis technology, provides evidence of a positive and significant causal relationship going from stock market development to economic growth in long term in China. Moreover, the result indicates that stock market promoted economic growth in China by mobilizing savings and providing liquidity.
引用
收藏
页码：224 / 229
页数：6
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