Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)

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Financial Risk Analysis on Its Impact on Regional Economic Growth in China

Authors
Jianhua Wen1, Jiangying Wu1, ling Hong1, Huijie Zhou1, *
1Fujian Agriculture and Forestry University, Fuzhou, Fujian, 350002, People’s Republic of China
*Corresponding author. Email: zhouhj16@126.com
Corresponding Author
Huijie Zhou
Available Online 9 September 2023.
DOI
10.2991/978-2-38476-092-3_221How to use a DOI?
Keywords
financial risk; economic growth; provincial economy; spatial Durbin model
Abstract

In the new economic normal, China is facing the challenge of economic transformation. One of the main focuses in current economic work is the prevention and control of systemic financial risks that may arise during this process. This study collected panel data from 31 provinces, municipalities, and autonomous regions in China between 2005 and 2017, and used a spatial Durbin model to investigate the impact of financial risks on provincial economic growth. The results indicate that financial risks can inhibit the economic growth of a local region, but promote the economic growth of neighboring regions. Furthermore, the urbanization rate and fixed asset investment share have a significantly positive effect on regional economic growth. The conclusion of this study provides some insights for policymakers who aim to achieve stable economic operation and prevent financial risks.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
9 September 2023
ISBN
10.2991/978-2-38476-092-3_221
ISSN
2352-5398
DOI
10.2991/978-2-38476-092-3_221How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jianhua Wen
AU  - Jiangying Wu
AU  - ling Hong
AU  - Huijie Zhou
PY  - 2023
DA  - 2023/09/09
TI  - Financial Risk Analysis on Its Impact on Regional Economic Growth in China
BT  - Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)
PB  - Atlantis Press
SP  - 1733
EP  - 1738
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-092-3_221
DO  - 10.2991/978-2-38476-092-3_221
ID  - Wen2023
ER  -