Financial Reforms, Growth and Regional Disparity in Post-reform China

Zhicheng Liang (1)

1 CERDI - Centre d'Études et de Recherches sur le Développement International

In this paper, by employing the Generalized Method of Moment (GMM) techniques and Chinese provincial level data from 1991 to 2003, we empirically investigate the relationship between finance and growth in post-reform China. We find that financial development significantly promotes economic growth in coastal regions but not in inland regions; the weak finance-growth nexus in inland provinces has exacerbated China's regional disparity.

Mots clés: Financial Development; income disparity; Chinese Economy

Domaines: Economies et finances

Zhicheng Liang. Financial Reforms, Growth and Regional Disparity in Post-reform China. 2011. ⟨halshs-00556978⟩