Regional financial efficiency and its non-linear effects on economic growth in China

被引：43
|
作者：
Hu, May [1 ]
Zhang, Jing [2 ]
Chao, Chichur [1 ]
机构：
[1] Deakin Univ, Geelong, Vic, Australia
[2] Shandong Univ Finance & Econ, Jinan, Shandong, Peoples R China
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2019年 / 59卷
基金：
美国国家科学基金会;
关键词：
Regional financial efficiency; Gini coefficient; Theil index; Threshold regression; COMPETITION; MARKETS; BANKING; RISK; INTERMEDIATION; INVESTMENT; IMPACTS;
D O I：
10.1016/j.iref.2018.08.019
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines regional financial efficiency and economic development in China. We find significant differences in financial efficiency among the eastern, central, and western regions of China and a non-linear relationship between financial efficiency and economic growth. We find that financial efficiency promotes economic growth only when it reaches a certain level (financial threshold). It increases capacity for the accumulation and allocation of financial resources where it exceeds the threshold. Rapid inancial development can provide a superior financial environment and improved conditions for economic growth to promote the continuous improvement of the Chinese economy.
引用
收藏
页码：193 / 206
页数：14
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