标题：Financial Development and the FDI-growth Nexus in China: Evidence from Threshold Regression Models
作者：Zhao Yong; Zheng Yingmei
作者机构：[Zhao Yong] Renmin Univ China, Sch Econ, Beijing 100872, Peoples R China.; [Zheng Yingmei] Shandong Univ, Sch Econ, Jinan 250100, Shandong, Peoples 更多
会议名称：3rd International Institute of Statistics and Management Engineering Symposium
来源：STATISTIC APPLICATION IN MACROECONOMY AND INDUSTRY SECTORS
关键词：Financial development; FDI-growth nexus; Threshold effect
摘要：The present paper employs panel data for 27 Chinese provinces from 1987 to 2007 to investigate the effects of FDI on economic growth at different stages of financial development. It is found that threshold effects of financial development are at work in the FDI-growth nexus. That is, FDI promotes economic growth only when the finance sector is sufficiently developed. As a result, due to the lower level of financial development, FDI plays a relatively smaller role in pushing forward China's economic growth.