The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China

被引：74

作者：

Cheng, Xiaoqiang ^{[2
,3
,4
]}

Degryse, Hans ^{[1
]}

机构：

[1] Tilburg Univ, CentER, EBC, TILEC, NL-5000 LE Tilburg, Netherlands

[2] Katholieke Univ Leuven, LICOS, Louvain, Belgium

[3] Katholieke Univ Leuven, Ctr Econ Studies, Louvain, Belgium

[4] Rensselaer Polytech Inst, Int Ctr Financial Res, Lally Sch Management, Troy, NY 12180 USA

来源：

JOURNAL OF FINANCIAL SERVICES RESEARCH | 2010年 / 37卷 / 2-3期

关键词：

Growth; Financial development; Chinese provinces; Banks; LAW; INTERMEDIATION; ALLOCATION; MARKETS;

D O I：

10.1007/s10693-009-0077-4

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper provides evidence on the relationship between finance and growth in a fast growing country, such as China. Employing data of 27 Chinese provinces over the period 1995-2003, we study whether the financial development of two different types of financial institutions - banks and non-banks - have a (significantly different) impact on local economic growth. Our findings indicate that banking development shows a statistically significant and economically more pronounced impact on local economic growth.

引用

页码：179 / 199

页数：21

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