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The Impact of Bank and Non-bank Financial Institutions on Local Economic Growth in China

This paper provides evidence on the relationship between finance and growth in a fast growing country, such as China. Employing data of 27 Chinese provinces over the period 1995–2003, we study whether the financial development of two different types of financial institutions — banks and non-banks — have a (significantly different) impact on local economic growth. Our findings indicate that banking development shows a statistically significant and economically more pronounced impact on local economic growth.

15. June 2010

Authors Xiaoqiang Cheng Hans Degryse

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Professor Hans Degryse, PhD
Professor Hans Degryse, PhD

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