The impact of bank and non-bank financial institutions on local economic growth in China

X. Cheng, H.A. Degryse

Research output: Contribution to journalArticleScientificpeer-review

50 Citations (Scopus)

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 languageEnglish
Pages (from-to)179-199
JournalJournal of Financial Services Research
Volume37
Issue number2-3
Publication statusPublished - 2010

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