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:Zhang, J
通讯作者地址:[Zhang, J]Shandong Univ Finance & Econ, Jinan, Shandong, Peoples R China.
来源:INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
出版年:2019
卷:59
页码:193-206
DOI:10.1016/j.iref.2018.08.019
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.
收录类别:SSCI
资源类型:期刊论文
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