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

DOI

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 3d International Conference on Applied Social Science Research
PB  - Atlantis Press
SP  - 132
EP  - 135
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr-15.2016.38
DO  - 10.2991/icassr-15.2016.38
ID  - Fang2016/08
ER  -