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Thursday, August 6, 2020 | History

2 edition of Growth-financial intermediation nexus in China found in the catalog.

Growth-financial intermediation nexus in China

Jahangir Aziz

Growth-financial intermediation nexus in China

by Jahangir Aziz

  • 39 Want to read
  • 33 Currently reading

Published by International Monetary Fund, Asia and Pacific Department in [Washington, D.C.] .
Written in English

    Subjects:
  • Finance -- Regional disparities -- China.,
  • Intermediation (Finance) -- China),
  • China -- Economic conditions -- 1976-2000.

  • Edition Notes

    StatementJahangir Aziz and Christoph Duenwald.
    SeriesIMF working paper -- WP/02/194
    ContributionsDuenwald, Christoph., International Monetary Fund. Asia and Pacific Dept.
    The Physical Object
    Pagination16 p. :
    Number of Pages16
    ID Numbers
    Open LibraryOL20413510M

    This paper examined the direction of causality between financial deepening and economic growth in Nigeria for the period – The study adopted the Toda–Yamamoto augmented Granger causality test and results showed that the growth-financial deepening nexus in Nigeria follows the supply-leading hypothesis. This means that it is financial deepening that leads to growth and not growth. The role of financial intermediation in economic growth has been widely recognized in theoretical and empirical research. Finance can stimulate the main drivers of growth such as capital and total factor productivity. Financial intermediaries decrease transaction costs of capital accumulation and encourage savings. Financial.

    Received: 14 growth, financial deepening, foreign direct investment and iJune Revised: 24 August Accepted: 28 August Published: 31 August Keywords Economic growth Financial deepening Innovation FDI ARDL This research examines the cointegration and causal relationship between economic nnovation in the context of China. China‘s financial development. Specifically, it tests competing finance-growth nexus hypotheses using Granger causality tests in a VECM framework for China over the period – The empirical results support a complex set of bidirectional causality between the financial development proxies and economic growth variables.

    China financial services analysis, data and forecasts from The EIU to support industry executives' decision-making. global competition resulting from WTO accession. This book looks at those challenges and China’s efforts to meet them, issues that have been at the center of the IMF staff’s work on China in recent years. The book brings together material and analysis prepared during –01 by IMF staff working on China under the direction of Wanda Tseng.


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Growth-financial intermediation nexus in China by Jahangir Aziz Download PDF EPUB FB2

This paper studies the relationship between economic growth and financial development in China during the post reform period.

Recent studies, based on cross-country data, have found a positive association between these two variables. We find that while a positive correlation between growth and financial intermediation exists in China, the association is more apparent than by: Growth-Finance Intermediation Nexus in China.

Article (PDF Available) We find that while a positive correlation between growth and financial intermediation exists in China, the association is. Growth-Financial Intermediation Nexus in China. IMF Working Paper No. 02/ Number of pages: 17 Posted: 06 Feb You are currently viewing this paper.

Aziz, Jahangir and Duenwald, Christoph K., Growth-Financial Intermediation Nexus in China (November ). IMF Working Paper, Vol., pp. Available at SSRN: Cited by: Get this from a library. Growth-financial intermediation nexus in China.

[Jahangir Aziz; Christoph Duenwald; International Monetary Fund. Asia and Pacific Department.] -- This paper studies the relationship between economic growth and financial development in China during the post reform period.

Recent studies, based on cross-country data, have found a positive. Downloadable. This paper studies the relationship between economic growth and financial development in China during the post reform period.

Recent studies, based on cross-country data, have found a positive association between these two variables. We find that while a positive correlation between growth and financial intermediation exists in China, the association is more apparent than real.

This study aims to reassess the finance-growth nexus debate in China, and consequently illustrate the channels through which financial development gives impact on China’s economic growth after Specifically, this study addresses two channels through which the effects operate, i.e., physical capital accumulation and productivity improvement.

China’s System of Financial Intermediation. Despite a large deposit base, China’s system of financial intermediation is generally judged to be relatively underdeveloped and inefficient at converting financial resources into productive investment.

5 This view is based on a number of the system’s characteristics: Financial intermediation in China is largely bank based and dominated by four. In this article, we investigate the relationship between financial intermediation and economic growth in China by employing system Generalized Method of Moments (GMM) estimators for dynamic panel data from twenty-eight Chinese provinces over the period – ().

A Contribution to the Empirics of Finance-growth Nexus in China: A Complex System Perspective. Global Economic Review: Vol. 38, No. 1, pp. Title: Growth-Financial Intermediation Nexus in China - WP/02/ Created Date: 11/22/ PM.

Furthermore, most case studies of the finance-growth nexus on China use traditional “loan-to-GDP ratio”-type indicators to measure the development of financial intermediation, and fail to detect a positive relationship between finance and growth.

2 This paper shows that for the Chinese economy the ratio of loans to GDP reflects only one. Downloadable (with restrictions). The paper empirically examines the causal interactions between Chinese financial development and economic growth using the perspective of complex systems as a metaphor in an attempt to provide a better understanding of the co-evolution of China's real and financial sectors.

Using Hsiao's version of the Granger causality tests, the empirical results support a. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): Using Chinese provincial data from to and applying recent GMM techniques developed for dynamic panels, this paper examines how the development of financial intermediation influences China’s economic growth during the post reform period.

Our econometric results show that China’s financial. Growth–financial intermediation nexus in China. IMF Working Paper 02 International Monetary Fund Financial structure and economic development: Firm, industry and country evidence, Working Paper.

China’s financial system was well developed prior to After the foundation of the People’s Republic of China inall of the pre capitalist companies and institutions were nationalized by Between andChina’s financial system consisted of a single bank.

The evolution of the finance growth nexus (English) Abstract. The fundamentalist view of growth in East Asia seems to have won the debate although the argument regarding the efficacy of interventionist industrial policies remains unsettled.

To explore the role of financial institutions, the empirical literature. Reforming China’s Bond Markets: Development prospects and the effects of Chapter. Downloads; Part of the The Milken Institute Series on Financial Innovation and Economic Growth book series (MILK‘Growth-financial intermediation nexus in China’, Washington: IMF working paper 02/ Google Scholar.

Barth, J., R. finance-growth nexus. Despite the recognition of financial intermediation’s crucial role in economic activity, policymakers had not been proactive in promoting financial development prior to the s; a wide array of financial controls and restrictions characterized the.

This paper examines the linkage between finance companies intermediation functions and economic growth in Nigeria. Using an annual time series data spanning the period of with the application of the estimation techniques of ordinary least square (OLS), co integration test, alongside granger causality test.

The Global statistic results indicates that about 80% of the variations in. Growth-Financial Intermediation Nexus in China", IMF Working Paper VvT/02/ (). hnperfect Infonnation, Uncertainty, and Credit Rationing". Shittu, Ayodele Ibrahim Centre for Enterprise Innovation and Development, Soochow University, East Campus, 50 Donghuan Road, Suzhou, Jiangsu Province, China.

Email: [email protected], Tel: + Abstract This paper seeks to examine the impact of financial intermediation on economic growth in Nigeria.This study uses the quantile regression method developed by Koenker and Bassett () to examine the asymmetric effect of financial intermediary development on economic growth in low- and high-income countries.

A three-sector neoclassical growth model composed of a representative family sector, production sector, and the financial intermediary sector is constructed, and the equilibrium.

On the nexus of financial development, C. HaoDevelopment of financial intermediation and economic growth: the Chinese experience. China Econ. Rev., 17 (4) (), pp. economic growth, financial development and trade in China: fresh evidence from multivariate framework analysis.