Financial Intermediation and Growth : Chinese Style

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Boyreau-Debray, Genevieve
dc.date.accessioned
2014-05-09T19:51:51Z
dc.date.available
2014-05-09T19:51:51Z
dc.date.issued
2003-04
dc.date.lastModified
2021-04-23T14:03:42Z
dc.description.abstract
The author analyzes the relationship between growth and financial intermediation at the sub-national level within China. Does the quality of the banking sector in a province affect its rate of growth? Do state and non-state banking sectors perform differently? Does the structure of the local banking sector affect the rate of provincial economic growth? To answer these questions, the author first uses evidence on the fragmentation of regional capital markets to justify the existence of local credit channels. Second, using a dataset of 26 provinces between 1990 and 1999, she defines and introduces indicators of local banking development into the traditional growth regression framework using the GMM-system estimator. The results suggest that credit extended by the banking sector at the state level has a negative impact on provincial economic growth. This negative effect appears to be attributable to the burden of supporting the state-owned corporate sector rather than to the poor performance of state-owned banks. Moreover, provinces with more diversified banking sectors appear to grow faster.
en
dc.identifier
http://documents.worldbank.org/curated/en/2003/04/2350351/financial-intermediation-growth-chinese-style
dc.identifier.uri
http://hdl.handle.net/10986/18229
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 3027
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
FINANCIAL INTERMEDIATION
dc.subject
GROWTH PATTERNS
dc.subject
BANKING SYSTEMS
dc.subject
CORPORATE FINANCE
dc.subject
PERFORMANCE INDICATORS
dc.subject
ECONOMIC GROWTH
dc.subject
CAPITAL MARKETS
dc.subject
REGIONAL ANALYSIS
dc.subject
CREDIT MARKETS
dc.subject
TRANSITION ECONOMIES
dc.subject
FRAGMENTATION
dc.subject
CREDIT EXPANSION
dc.subject
STATE-OWNED BANKS ACCOUNTING
dc.subject
AGRICULTURE
dc.subject
BALANCE SHEET
dc.subject
BANK
dc.subject
BANK ASSETS
dc.subject
BANK CREDIT
dc.subject
BANK LENDING
dc.subject
BANK LIQUIDITY
dc.subject
BANK LOANS
dc.subject
BANKING SECTOR
dc.subject
BANKING SECTOR DEVELOPMENT
dc.subject
BANKING STABILITY
dc.subject
BANKING SYSTEM
dc.subject
BANKS
dc.subject
BENCHMARK
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL FORMATION
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL MOBILITY
dc.subject
CENTRAL BANK
dc.subject
CENTRAL BANK LENDING
dc.subject
CENTRAL BANKS
dc.subject
CENTRAL GOVERNMENT CONTROL
dc.subject
COMMERCIAL BANKS
dc.subject
CORPORATE CONTROL
dc.subject
CORPORATE SECTOR
dc.subject
COUNTRY COMPARISONS
dc.subject
CREDIT
dc.subject
DEPOSITS
dc.subject
DEVALUATION
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC RESEARCH
dc.subject
EMPIRICAL ANALYSIS
dc.subject
EMPIRICAL EVIDENCE
dc.subject
EMPLOYMENT
dc.subject
EQUILIBRIUM
dc.subject
EXCHANGE RATE
dc.subject
FINANCIAL DEEPENING
dc.subject
FINANCIAL INDICATORS
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL INTEGRATION
dc.subject
FINANCIAL INTERMEDIARIES
dc.subject
FINANCIAL INTERMEDIATION
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL RESOURCES
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCIAL STABILITY
dc.subject
FINANCIAL SYSTEMS
dc.subject
FINANCING SOURCES
dc.subject
FOREIGN BANKS
dc.subject
FOREIGN EXCHANGE
dc.subject
FREE MARKETS
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GOVERNMENT BONDS
dc.subject
GROWTH MODELS
dc.subject
GROWTH RATE
dc.subject
HUMAN CAPITAL
dc.subject
INCOME
dc.subject
INCOME DISTRIBUTION
dc.subject
INDUSTRIALIZED COUNTRIES
dc.subject
INEFFICIENCY
dc.subject
LIVING STANDARDS
dc.subject
MARKET INTEGRATION
dc.subject
MONOPOLIES
dc.subject
MORAL HAZARD
dc.subject
MUNICIPALITIES
dc.subject
NATIONAL OUTPUT
dc.subject
PLANNED ECONOMY
dc.subject
PRIVATE HOUSING
dc.subject
PRODUCT MARKETS
dc.subject
PROFIT MAXIMIZATION
dc.subject
PROFITABILITY
dc.subject
PUBLIC ENTERPRISES
dc.subject
QUOTAS
dc.subject
REAL GDP
dc.subject
REAL SECTOR
dc.subject
RISK MANAGEMENT
dc.subject
RISK PREMIUMS
dc.subject
SAVINGS
dc.subject
SPECIALIZED BANKS
dc.subject
STATE BANKING
dc.subject
STATE BANKS
dc.subject
STATE ENTERPRISES
dc.subject
TIME SERIES
dc.subject
TRADING
dc.subject
WORLD TRADE ORGANIZATION
dc.subject
WTO
dc.subject
STATE-OWNED BANKS
dc.subject
ACCOUNTING
dc.title
Financial Intermediation and Growth : Chinese Style
en
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2003/04/2350351/financial-intermediation-growth-chinese-style
okr.globalpractice
Finance and Markets
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-3027
okr.identifier.externaldocumentum
000094946_03052004111116
okr.identifier.internaldocumentum
2350351
okr.identifier.report
WPS3027
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/05/30/000094946_03052004111116/Rendered/PDF/multi0page.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.country
China
okr.sector
Finance :: Banking
okr.sector
Finance :: Capital markets
okr.topic
Fiscal and Monetary Policy
okr.topic
Finance and Financial Sector Development :: Financial Intermediation
okr.topic
Banks and Banking Reform
okr.topic
Payment Systems and Infrastructure
okr.topic
Economic Theory and Research
okr.topic
Financial Crisis Management and Restructuring
okr.topic
Environmental Economics and Policies
okr.unit
Investment Climate, Development Research Group
okr.volume
1

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