Proceedings of the 3d International Conference on Applied Social Science Research

Research on the Relationship between Financial Development and Economic Growth in China: An Empirical Analysis based on Panel Smooth Transition Regression Model

Authors
Li-ting Fang
Corresponding Author
Li-ting Fang
Available Online August 2016.
DOI
https://doi.org/10.2991/icassr-15.2016.38How to use a DOI?
Keywords
Panel smooth transition regression model; Financial development; Economic growth
Abstract
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.
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Proceedings
3d International Conference on Applied Social Science Research (ICASSR 2015)
Part of series
Advances in Intelligent Systems Research
Publication Date
August 2016
ISBN
978-94-6252-148-3
DOI
https://doi.org/10.2991/icassr-15.2016.38How to use a DOI?
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
UR  - https://doi.org/10.2991/icassr-15.2016.38
DO  - https://doi.org/10.2991/icassr-15.2016.38
ID  - Fang2016/08
ER  -