| An Empirical Study on the Relationship between Economic Growth and Financial Development |
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| 作者姓名： | RAN Mao? sheng ZHANG Zong? yi ZHONG Zi? min |
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| 摘 要： | This paper discusses the relationship between financial development and economic growth. Some essential Chinese macroeconomic datum during late twenty years which include Gross Domestic Product (GDP) of the whole economy,state and private sectors,investment in fixed Assets,financial relative rate and real interest rate estimated in a multivariate vector auto regression (VAR) framework. The estimates suggest that financial development boosts GDP growth, and it does not exist in reverse.
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| 关 键 词： | economic growth financial development VAR model |
| 修稿时间： | 2002/8/18 0:00:00 |
An Empirical Study on the Relationship between Economic Growth and Financial Development |
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| RAN Mao? sheng,ZHANG Zong? yi,ZHONG Zi? min.An Empirical Study on the Relationship between Economic Growth and Financial Development[J].Storage & Process,2003(2):136-140. |
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| Authors: | RAN Mao? sheng ZHANG Zong? yi ZHONG Zi? min |
| |
| Abstract: | This paper discusses the relationship between financial development and economic growth. Some essential Chinese macroeconomic datum during late twenty years which include Gross Domestic Product (GDP) of the whole economy,state and private sectors,investment in fixed Assets,financial relative rate and real interest rate estimated in a multivariate vector auto regression (VAR) framework. The estimates suggest that financial development boosts GDP growth, and it does not exist in reverse. |
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| Keywords: | economic growth financial development VAR model |
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