Regional financial efficiency and its non-linear effects on economic growth in China

Hu, M, Zhang, J and Chao, C 2019, 'Regional financial efficiency and its non-linear effects on economic growth in China', International Review of Economics and Finance, vol. 59, pp. 193-206.


Document type: Journal Article
Collection: Journal Articles

Title Regional financial efficiency and its non-linear effects on economic growth in China
Author(s) Hu, M
Zhang, J
Chao, C
Year 2019
Journal name International Review of Economics and Finance
Volume number 59
Start page 193
End page 206
Total pages 14
Publisher Elsevier BV
Abstract 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.
Subject Banking, Finance and Investment not elsewhere classified
Keyword(s) Gini coefficient
Regional financial efficiency
Theil index
Threshold regression
DOI - identifier 10.1016/j.iref.2018.08.019
Copyright notice © 2018 Elsevier
ISSN 1059-0560
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