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Financial intermediation development and total factor productivity growth: evidence from chinese mainland provincial panel data abstract (2011).
| Content Provider | CiteSeerX |
|---|---|
| Author | Yao, Yaojun |
| Abstract | Modern financial development theories suggest that, financial development can promote technological progress and long-term economic growth. Based on the Chinese mainland provincial panel data, the paper tests empirically the relationship between financial intermediation development and total factor productivity growth. In terms of the degree-of-freedom of bank loan decision-making, the ratio of loans of private enterprises and individuals to total loans is used to measure the development of Chinese financial intermediation. This paper finds that financial intermediation development significantly promotes total factor productivity growth when controlling for other variables, such as capital formation rate, foreign direct investment, government intervention and the urbanization level. |
| File Format | |
| Publisher Date | 2011-01-01 |
| Access Restriction | Open |
| Subject Keyword | Total Factor Productivity Growth Financial Intermediation Development Private Enterprise Technological Progress Financial Development Urbanization Level Modern Financial Development Theory Bank Loan Decision-making Total Loan Capital Formation Rate Long-term Economic Growth Government Intervention Foreign Direct Investment Chinese Financial Intermediation Chinese Mainland Provincial Panel Data |
| Content Type | Text |
| Resource Type | Article |
