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 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.
Original language | English |
---|---|
Pages (from-to) | 179-199 |
Journal | Journal of Financial Services Research |
Volume | 37 |
Issue number | 2-3 |
Publication status | Published - 2010 |