@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",
}