IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v52y2016i3p724-732.html
   My bibliography  Save this article

Financial Intermediation and Economic Growth in China: New Evidence from Panel Data

Author

Listed:
  • Haifeng Xu

Abstract

In this article, we investigate the relationship between financial intermediation and economic growth in China by employing system Generalized Method of Moments (GMM) estimators for dynamic panel data from twenty-eight Chinese provinces over the period 1978–2008. Our empirical results show that various measures of financial development are generally associated with economic growth. More specifically, the size and depth of the financial sector significantly influence economic growth. However, household saving is found to have a negative, but insignificant, effect on economic growth. Finally, we find that although several control variables show the expected signs, they are not always statistically significant. Human capital, openness to trade, and inflation positively influence economic growth.

Suggested Citation

  • Haifeng Xu, 2016. "Financial Intermediation and Economic Growth in China: New Evidence from Panel Data," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(3), pages 724-732, March.
  • Handle: RePEc:mes:emfitr:v:52:y:2016:i:3:p:724-732
    DOI: 10.1080/1540496X.2016.1116278
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2016.1116278
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/1540496X.2016.1116278?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fenfen Ma & Shah Fahad & Mancang Wang & Abdelmohsen A. Nassani & Mohamed Haffar, 2023. "Spatial Effects of Digital Transformation, PM 2.5 Exposure, Economic Growth and Technological Innovation Nexus: PM 2.5 Concentrations in China during 2010–2020," IJERPH, MDPI, vol. 20(3), pages 1-16, January.
    2. Sayef Bakari, 2017. "The Three-Way Linkages Between Export, Import And Economic Growth: New Evidence From Tunisia," Journal of Smart Economic Growth, , vol. 2(3), pages 13-53, December.
    3. S. M. Shamsul Alam & Mohammad Abdul Matin Chowdhury & Dzuljastri Bin Abdul Razak, 2021. "Research evolution in banking performance: a bibliometric analysis," Future Business Journal, Springer, vol. 7(1), pages 1-19, December.
    4. Teck-Lee Wong & Wee-Yeap Lau & Tien-Ming Yip, 2020. "Cashless Payments and Economic Growth: Evidence from Selected OECD Countries," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 189-213.
    5. Li, Yi & Peng, Wei, 2024. "Bank price competition and enterprise innovation——Based on empirical evidence of Chinese A-share listed companies," International Review of Financial Analysis, Elsevier, vol. 91(C).
    6. Muhammad Tahir & Haslindar Ibrahim & Abdul Hadi Zulkafli & Muhammad Mushtaq, 2020. "Influence of Exchange Rate Fluctuations and Credit Supply on Dividend Repatriation Policy of U.S. Multinational Corporations," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 267-290.
    7. Bakari, Sayef, 2017. "Why is South Africa Still a Developing Country?," MPRA Paper 80763, University Library of Munich, Germany.
    8. Guangdong Xu & Binwei Gui, 2021. "The non‐linearity between finance and economic growth: a literature review and evidence from China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 35(1), pages 3-18, May.
    9. K. Siva Kiran Guptha & R. Prabhakar Rao, 2018. "The causal relationship between financial development and economic growth: an experience with BRICS economies," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 20(2), pages 308-326, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:52:y:2016:i:3:p:724-732. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.