Does Financial Development Necessarily Lead to Economic Growth? Evidence from China’s Cities, 2007–2014
Using data from 286 Chinese cities over the period 2007–2014, this paper investigates the impact of financial development on economic growth. Our results from traditional cross-sectional regressions, first-differenced GMM and system GMM regressions all show that financial development does not have a...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2017-01-01
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| Series: | MATEC Web of Conferences |
| Online Access: | https://doi.org/10.1051/matecconf/201710005032 |