文章基本信息

标题：Regional Financial Development Scale, Structure, Efficiency and Economic Growth: A Dynamic Analysis
本地全文：下载
作者：Qizhong DENG ; Jianfu SHEN ; Rui CHEN 等
期刊名称：Management Science and Engineering
印刷版ISSN：1913-0341
电子版ISSN：1913-035X
出版年度：2011
卷号：5
期号：3
页码：96-101
DOI：10.3968/j.mse.1913035X20110503.140
语种：English
出版社：Canadian Research & Development Center of Sciences and Cultures
摘要：With the panel data in 29 provinces and cities in China from 1991 to 2007, this paper applies the dynamic panel data model to empirically explore the relationships between financial development scale, structure, efficiency and economic growth. The results show that after controlling other factors, financial scale has significantly positive impact on economic growth in middle and western regions but negative in eastern region; while financial structure and efficiency exhibit significantly positive effects only in eastern region. This paper then adopts the model of panel data VAR to investigate the causality relationships between them. It finds that the “demand-following” phenomenon between financial development and economic growth occurs in eastern region, the “supply-leading” phenomenon happens in western region, and yet the middle region shows no obvious pattern of financial development. Key words: Financial scale; Financial structure; Financial efficiency; Economic growth
其他摘要：With the panel data in 29 provinces and cities in China from 1991 to 2007, this paper applies the dynamic panel data model to empirically explore the relationships between financial development scale, structure, efficiency and economic growth. The results show that after controlling other factors, financial scale has significantly positive impact on economic growth in middle and western regions but negative in eastern region; while financial structure and efficiency exhibit significantly positive effects only in eastern region. This paper then adopts the model of panel data VAR to investigate the causality relationships between them. It finds that the “demand-following” phenomenon between financial development and economic growth occurs in eastern region, the “supply-leading” phenomenon happens in western region, and yet the middle region shows no obvious pattern of financial development. Key words: Financial scale; Financial structure; Financial efficiency; Economic growth
关键词：Financial scale;Financial structure;Financial efficiency;Economic growth