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 institutions - banks and non-bank financial institutions - have a (significantly different) impact on local economic growth.Our findings indicate that only banking development shows a statistically significant and economically relevant impact on local economic growth.
|Place of Publication||Tilburg|
|Number of pages||52|
|Publication status||Published - 2006|
|Name||CentER Discussion Paper|
- financial development
- Chinese provinces