Critical Reflections on Different Trends in the Relationship between Financial Developments and Economic Growth in China
Open accessAbstract
There are many burgeoning literatures dominate the debates on relationship between financial developments and economic growth in China. It has always been a contagious one. The Chinese state is making coordinated effort for the development of the financial sector for economic growth to address issues of local development. Since the reforms of 1978, the Chinese economy has witnessed rapid growth. This paper explores the relationship between financial development and economic growth in China. It argues that there is a bidirectional causality between financial development and economic growth in China.
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Several other studies suggested a two-way causality between financial development and economic growth.
“Several other studies also suggested this type of retroactivity and supported the argument of a two-way assertion (Sharma 2016; Okpara et al. 2018; Nayak and Yingnan 2019).”
From Financial Inclusion and Economic Growth in Sub-Saharan Africa—A Panel ARDL and Granger Non-Causality Approach (2023) · cites this paper as Nayak and Yingnan 2019
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Flagged first, then by citations
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Cited by
Sorted by citations
Jima, M. D., & Makoni, P. L. (2023) · Journal of Risk and Financial Management · doi:10.3390/jrfm16060299 · Cited by 39 · see citing works
- Authors
- Nayak, B. S., & Yingnan, Z.
- Affiliations
- Coventry University (GB)
- University of Glasgow (GB)
- Corresponding author
- Nayak, Bhabani Shankar
- Venue
- International Journal of Economics and Finance
- Published
- 2018-02-23
- Volume
- 11
- Issue
- 3
- Pages
- 89
- ISSN
- 1916-971X (ISSN-L)
- 1916-9728
- OpenAlex
- W2920739672
- Cited by
- 4
- References
- 45
- Citations by year
- 2024: 1 · 2023: 3
- FWCI
- 0.00
- Type
- journal article
- Language
- en
- Open access
- diamond
- doi.org
- Locations
- International Journal of Economics and Finance (publishedVersion, cc-by)
- Pure (Coventry University) (publishedVersion, cc-by)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Keywords
- financial development, economic growth, causality, financial development and growth relationship, Chinese economy, financial sector reform, local development
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