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

X. Cheng, H.A. Degryse

Research output: Working paperDiscussion paperOther research output

695 Downloads (Pure)

Abstract

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.
Original languageEnglish
Place of PublicationTilburg
PublisherFinance
Number of pages52
Volume2006-82
Publication statusPublished - 2006

Publication series

NameCentER Discussion Paper
Volume2006-82

Fingerprint

China
Local economic growth
Financial institutions: banks
Finance and growth
Banking development
Financial institutions
Financial development

Keywords

  • growth
  • financial development
  • Chinese provinces
  • banks

Cite this

Cheng, X., & Degryse, H. A. (2006). The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China. (CentER Discussion Paper; Vol. 2006-82). Tilburg: Finance.
Cheng, X. ; Degryse, H.A. / The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China. Tilburg : Finance, 2006. (CentER Discussion Paper).
@techreport{9ea9a2e797db43bc84058db65f814f9a,
title = "The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China",
abstract = "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.",
keywords = "growth, financial development, Chinese provinces, banks",
author = "X. Cheng and H.A. Degryse",
note = "Subsequently published in Journal of Financial Services Research, 2010 Pagination: 52",
year = "2006",
language = "English",
volume = "2006-82",
series = "CentER Discussion Paper",
publisher = "Finance",
type = "WorkingPaper",
institution = "Finance",

}

Cheng, X & Degryse, HA 2006 'The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China' CentER Discussion Paper, vol. 2006-82, Finance, Tilburg.

The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China. / Cheng, X.; Degryse, H.A.

Tilburg : Finance, 2006. (CentER Discussion Paper; Vol. 2006-82).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China

AU - Cheng, X.

AU - Degryse, H.A.

N1 - Subsequently published in Journal of Financial Services Research, 2010 Pagination: 52

PY - 2006

Y1 - 2006

N2 - 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.

AB - 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.

KW - growth

KW - financial development

KW - Chinese provinces

KW - banks

M3 - Discussion paper

VL - 2006-82

T3 - CentER Discussion Paper

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

PB - Finance

CY - Tilburg

ER -

Cheng X, Degryse HA. The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China. Tilburg: Finance. 2006. (CentER Discussion Paper).