Research on the Relationship between Financial Development and Economic Growth in China: An Empirical Analysis based on Panel Smooth Transition Regression Model
- Li-ting Fang
- Corresponding Author
- Li-ting Fang
Available Online August 2016.
- https://doi.org/10.2991/icassr-15.2016.38How to use a DOI?
- Panel smooth transition regression model; Financial development; Economic growth
- In this paper, the panel smooth transition regression model was used to analyze the relationship between financial development and economic growth empirically. The paper mainly studied the effects of proportion of total loans of regional financial institutions in GDP on the output elasticity of capital, labor output elasticity and returns of scale. The empirical results show the level of financial development has a nonlinear diminishing relationship with the capital output elasticity, and has a nonlinear increasing relationship with labor output elasticity and returns of scale.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Li-ting Fang PY - 2016/08 DA - 2016/08 TI - Research on the Relationship between Financial Development and Economic Growth in China: An Empirical Analysis based on Panel Smooth Transition Regression Model BT - 3d International Conference on Applied Social Science Research (ICASSR 2015) PB - Atlantis Press SN - 1951-6851 UR - https://doi.org/10.2991/icassr-15.2016.38 DO - https://doi.org/10.2991/icassr-15.2016.38 ID - Fang2016/08 ER -