The n on‐linearity between finance and economic growth: a literature review and evidence from China
| العنوان: | The n |
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| المؤلفون: | Guangdong Xu, Binwei Gui |
| المصدر: | Asian-Pacific Economic Literature. 35:3-18 |
| بيانات النشر: | Wiley, 2021. |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | Finance, Economics and Econometrics, Price bubbles, business.industry, Geography, Planning and Development, Non linearity, Development, Financial development, Economics, Per capita, Asset (economics), business, China, Financial sector |
| الوصف: | The influence of finance on the economy has been shown to be non‐linear. When financial development exceeds the needs of the real sector, an economy will face the challenge of ‘too much finance’, which may generate problems such as rent‐seeking, asset price bubbles, or even financial crises. China seems to have followed the ‘too much finance’ pattern in the most recent decade, during which a fast‐expanding financial sector and a slowly growing economy coexisted. The empirical part of this study supports a non‐linear (S‐shaped) relationship between financial development and GDP per capita; in addition, the two financial development indicators used (total loans and private credit) appear to have opposite effects on economic growth. |
| تدمد: | 1467-8411 0818-9935 |
| DOI: | 10.1111/apel.12316 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_________::40649eee9191f74332598aca00bfcd9d https://doi.org/10.1111/apel.12316 |
| Rights: | CLOSED |
| رقم الانضمام: | edsair.doi...........40649eee9191f74332598aca00bfcd9d |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 14678411 08189935 |
|---|---|
| DOI: | 10.1111/apel.12316 |