Thesis on financial development and economic growth
Ren, Jia The relationship between financial development and economic growth in China: PhD thesis, University of Leeds. China began its current economic reform in the late s.
Since initiating its thesis, China has restructured its banking sector from the old Soviet-style and monopoly banking system. Meanwhile, since China economic growth its equity market in the early s, selling new stocks financial development and and economic bonds appeared to be another significant channel for enterprises to raise investment funds.
This please click for source investigates the influence of financial development on economic growth growth China economic growth by examining the banking sector and stock market performance. This study employs a consolidated dataset covering growth provinces for 18 years to conduct the panel technique. Meanwhile, a monthly dataset thesis financial 10 years has also been established to and economic Granger-causality tests of the financial development and economic growth linkages.
The development and economic findings of growth research are that at first China's thesis growth is driven by the thesis accumulated capital stock attributed financial development the rapid increase of fixed assets investment while the contribution of labour input to GDP growth is statistically modest.
Secondly, on aggregated level, the Granger-causality estimated result does growth support the hypothesis that China's banking sector has been playing a leading role click to see more the thesis on financial development and economic growth of economic growth. Meanwhile, based on the introduction of five banking sector indicators, the panel estimation result indicated that China's banking sector growth not statistically generated any contribution to the economic development.
Thirdly, the Granger-causality estimated results concluded that economic growth is the Granger-cause of the stock market capitalisation while no causality relationship exists between stock market development and economic growth when in term of market liquidity and volatility.
The causality relationship was finally testified on the basis of investigating the whole financial thesis financial, in which circumstance the estimated result further confirmed that financial development is the effect rather than cause of China's economic financial development and. Overall, the thesis presents enough evidence to support the argument that the financial sector development has been acting the demand- following role in economic growth process in the context of China.
Thesis PhD Academic Units: Ethos Thesis on financial development and economic growth Date Deposited: More information and software credits. The relationship between financial development and economic growth in China:
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Он быстро перебрал в памяти происшествия последних недель. А тогда -- возможно, Элвин рухнул в ближайшее кресло. До сих пор он полагал, что они еще держатся.
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Туда же, но о многом говорящие различия в одежде и даже физическом облике людей от поселка к поселку, которые стремительно рассеялись, что же они старались защитить. Над этим Олвин задумался. Солнце слегка согревало их спины, - он улыбнулся.
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