标题：Regional financial efficiency and its non-linear effects on economic growth in China
作者：Hu, May; Zhang, Jing; Chao, Chichur
作者机构：[Hu, May; Chao, Chichur] Deakin Univ, Geelong, Vic, Australia.; [Zhang, Jing] Shandong Univ Finance & Econ, Jinan, Shandong, Peoples R China.
通讯作者地址：[Zhang, J]Shandong Univ Finance & Econ, Jinan, Shandong, Peoples R China.
来源：INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
关键词：Regional financial efficiency; Gini coefficient; Theil index; Threshold; regression
摘要：This paper examines regional financial efficiency and economic development in China. We find significant differences in financial efficiency among the eastern, central, and western regions of China and a non-linear relationship between financial efficiency and economic growth. We find that financial efficiency promotes economic growth only when it reaches a certain level (financial threshold). It increases capacity for the accumulation and allocation of financial resources where it exceeds the threshold. Rapid inancial development can provide a superior financial environment and improved conditions for economic growth to promote the continuous improvement of the Chinese economy.