Financial Development and Economic Growth | Evidence from China in 1978-2009

Yichen Liu

ISBN 10: 3847304186 / ISBN 13: 9783847304180

Published by LAP LAMBERT Academic Publishing, 2012

About this Item

Financial Development and Economic Growth | Evidence from China in 1978-2009 | Yichen Liu | Taschenbuch | 56 S. | Englisch | 2012 | LAP LAMBERT Academic Publishing | EAN 9783847304180 | Verantwortliche Person für die EU: BoD - Books on Demand, In de Tarpen 42, 22848 Norderstedt, info[at]bod[dot]de | Anbieter: preigu.

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Bibliographic Details

• Title: Financial Development and Economic Growth | Evidence from China in 1978-2009
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3847304186
• ISBN 13: 9783847304180
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 4D millimeters 220 millimeters width by 150 millimeters height by 4 millimeters depth
• Weight: 102 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

This thesis examines the relationship between financial development and economic growth. By reviewing previous theories and empirical studies about financial development and economic growth and financial development process in China, I assumed that there is a positive relationship between financial development and economic growth in China case. Then I use time series annual data from 1978 to 2009 to set up a short-term model and long-term model. By running causality test and regression, I find that in the short term, if financial sectors in China develop well and provide more monetary services for economic activities, it will promote Chinese economic growth. At the same time, if Chinese economy develops very well, financial sectors will get benefit from the good economic environment. But if banks provide too much loan, the economic growth rate will slow down. In the long term, there is not really obvious positive effect between economic growth and financial development in China case as expected. But efficient bank loans are helpful for promoting economic growth.

About the Author

2005.09 --2009.07 Bachelor Program in Shandong University of Technology, China 2009.09-2011.08 Master Program in Lund University, Sweden 2010.02-2011.06 Part time work for international organization “Save the Children”