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Financial Development and National Economic Growth in China: A Beijing Praxis

In: China: The Bankable State

Author

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  • Bhabani Shankar Nayak

    (University for the Creative Arts)

  • Hao Chen

    (University of Glasgow)

Abstract

This chapter outlines theoretical and empirical works on the relationship between financial development and economic growth within the context of China. It critically evaluates different theories to understand different linkages between financial development and national economic growth in China. The article investigates the causal relationship between regional financial development and economic growth in China. The article attempts to find the development characteristics of regional finance and interaction mechanism between financial development and economic growth from microeconomic perspective with a special reference to Beijing.

Suggested Citation

  • Bhabani Shankar Nayak & Hao Chen, 2021. "Financial Development and National Economic Growth in China: A Beijing Praxis," Springer Books, in: Bhabani Shankar Nayak (ed.), China: The Bankable State, chapter 0, pages 87-104, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-5252-3_6
    DOI: 10.1007/978-981-16-5252-3_6
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    Cited by:

    1. Yugang He & Chunlei Wang, 2022. "Does Buddhist Tourism Successfully Result in Local Sustainable Development?," Sustainability, MDPI, vol. 14(6), pages 1-15, March.

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