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Applied Economics Letters Volume 9, 2002 - Issue 13
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Original Articles

Financial development and economic growth in Mainland China: a note on testing demand-following or supply-leading hypothesis

Tsangyao Chang
Pages 869-873 | Published online: 06 Oct 2010

Citations (58)

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Khalid Usman. (2023) The linkages between trade, financial openness, and economic growth in China: an ARDL-bound test approach. Journal of Applied Economics 26:1.
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Jun Wen, Hamid Mahmood, Samia Khalid & Muhammad Zakaria. (2022) The impact of financial development on economic indicators: a dynamic panel data analysis. Economic Research-Ekonomska Istraživanja 35:1, pages 2930-2942.
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Fernando Zanella & Peter Oyelere. (2021) Is financial development crucial for all economies?. Cogent Economics & Finance 9:1.
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Setareh Katircioglu, Salih Katircioğlu & Mehmet Altinay. (2018) Interactions between tourism and financial sector development: evidence from Turkey. The Service Industries Journal 38:9-10, pages 519-542.
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Jiao-Jiao Fan, Ruzhi Xu, Chi Wei Su & Qing-Hua Shi. (2018) Demand-following or supply-leading? Trade openness and financial development in China. The Journal of International Trade & Economic Development 27:3, pages 314-332.
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Aliyu Alhaji Jibrilla. (2016) Fiscal sustainability in the presence of structural breaks: Does overconfidence on resource exports hurt government’s ability to finance debt? Evidence from Nigeria. Cogent Economics & Finance 4:1.
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Sami Fethi, Salih Katircioğlu & Dilber Caglar. (2013) The Role of the Financial Sector in the Turkish Cypriot Economy: Evidence from Bounds and Causality Tests. Turkish Studies 14:3, pages 540-563.
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Elif Kaya, Eralp Bektaş & Mete Feridun. (2011) Stock Market and Banking sector Development in Turkey: Do they have the Same Impact on Economic Growth?. Economic Research-Ekonomska Istraživanja 24:4, pages 65-74.
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Hatice Pehlivan Jenkıns & Salih Turan Katırcıoglu. (2010) The bounds test approach for cointegration and causality between financial development, international trade and economic growth: the case of Cyprus. Applied Economics 42:13, pages 1699-1707.
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Jian-Zhou Teng & Qi Liang. (2010) Reassessment of the finance-growth nexus in the presence of structural breaks. Applied Economics 42:8, pages 977-988.
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P L Mohapi & S I Motelle. (2007) The Finance - Growth Nexus in Lesotho: Causality Revelations From Alternative Proxies. Studies in Economics and Econometrics 31:3, pages 43-59.
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Xun Lu, Dietrich K. Fausten & Russell Smyth. (2007) Financial Development, Capital Accumulation and Productivity Improvement: Evidence from China. Journal of Chinese Economic and Business Studies 5:3, pages 227-242.
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Hyoungsoo Zang & Young Chul Kim. (2007) Does financial development precede growth? Robinson and Lucas might be right. Applied Economics Letters 14:1, pages 15-19.
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Wong Hock Tsen. (2006) Granger causality tests among openness to international trade, human capital accumulation and economic growth in China: 1952–1999. International Economic Journal 20:3, pages 285-302.
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Ghulam Mustafa. (2023) The Dynamic Relationship Between Financial Development, Economic Growth, Foreign Direct Investment and Trade Openness: Evidence from South Asian Countries. Millennial Asia 14:3, pages 406-433.
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Ayesha Afzal, Saba Fazal Firdousi & Kamil Mahmood. (2023) The links between financial depth and economic variables: evidence from Poland. The Journal of Risk Finance 24:4, pages 449-463.
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Fakhri J. Hasanov, Ruslan Aliyev, Dilvin Taskin & Elchin Suleymanov. (2023) Oil rents and non-oil economic growth in CIS oil exporters. The role of financial development. Resources Policy 82, pages 103523.
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Aynur KARAÇOBAN, Ömür SALTIK & Süleyman DEĞİRMEN. (2023) Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking SectorBölgesel Ekonomik Büyüme ve Finansal İnovasyon: Türk Bankacılık Sektöründen Perspektifler. Sosyoekonomi 31:56, pages 47-84.
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Arfia Aman, Muhammad Asif Khan, Mohammed Arshad Khan, Ahsanuddin Haider, Judit Oláh & Veronika Fenyves. (2023) Role of institutions in promoting finance in emerging markets: A panel data analysis. PLOS ONE 18:3, pages e0280849.
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Setareh Katircioglu, Salih Katircioglu & Farid Irani. (2022) Links between growth, trade and financial openness in South Africa: An empirical investigation. International Journal of Finance & Economics.
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İsmail Erkan ÇELİK. (2022) Finansal Kalkınma ve Ekonomik Büyüme Arasındaki İlişkinin Düzgün Geçiş Otoregresif Model Yardımıyla İncelenmesiExamining the Relationship Between Financial Development and Economic Growth Using a Smooth Transition Autoregressive Model. Erciyes Akademi 36:1, pages 19-36.
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LEONARDO H. S. FERNANDES, FERNANDO H. A. DE ARAUJO, JOSÉ W. L. SILVA, IGOR E. M. SILVA & BENJAMIN MIRANDA TABAK. (2022) EVALUATING THE EFFICIENCY OF BRAZILIAN STOCK MARKET INDICES: THE CASE OF COVID-19. Fractals 30:01.
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Catur Sugiyanto & Zefania Yolanda. (2020) The Effect of Financial Deepening on Economic Growth, Inequality, and Poverty: Evidence from 73 Countries. South East European Journal of Economics and Business 15:2, pages 15-27.
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Sharon G. M. Koh, Grace H. Y. Lee & Eduard J. Bomhoff. (2019) The income inequality, financial depth and economic growth nexus in China. The World Economy 43:2, pages 412-427.
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Levent KORAP. (2019) Finansal gelişme ve ekonomik büyüme ilişkisi: Türkiye ekonomisi için bir uygulamaFinancial development and economic growth relationship: An application for the Turkish economy. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi:54, pages 75-88.
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İbrahim YAĞLI & Ebru TOPCU. (2019) Finansal Gelişme ve Ekonomik Büyüme Arasındaki Nedensellik İlişkisi: G7 Ülkeleri ÖrneğiCausal Relationship Between Financial Development and Economic Growth: The Case of G7 Countries. Afyon Kocatepe Üniversitesi Sosyal Bilimler Dergisi 21:3, pages 888-898.
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Hatice Imamoglu. (2019) The role of financial sector in energy demand and climate changes: evidence from the developed and developing countries. Environmental Science and Pollution Research 26:22, pages 22794-22811.
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Soumya Guha Deb, Sibanjan Mishra & Pradip Banerjee. (2019) Stock market, banking sector and economic growth. Studies in Economics and Finance 36:3, pages 348-364.
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Zericho R. Marak & Dilip Ambarkhane. (2020) Determinants of Accounts Receivables Financing: India and Other Asian Economies Perspectives. The Indian Economic Journal 67:1-2, pages 45-67.
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Muhammad AhadAdeel Ahmad DarMuhammad Imran. (2019) Does Financial Development Promote Industrial Production in Pakistan? Evidence from Combined Cointegration and Causality Approach. Global Business Review 20:2, pages 297-312.
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Olufemi A. Aluko & Michael Adebayo Ajayi. (2018) Determinants of banking sector development: Evidence from Sub-Saharan African countries. Borsa Istanbul Review 18:2, pages 122-139.
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Mahmoud Arayssi & Ali Fakih. (2017) Finance–growth nexus in a changing political region: How important was the Arab Spring?. Economic Analysis and Policy 55, pages 106-123.
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Salih Turan Katircioğlu & Nigar Taşpinar. (2017) Testing the moderating role of financial development in an environmental Kuznets curve: Empirical evidence from Turkey. Renewable and Sustainable Energy Reviews 68, pages 572-586.
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Sorin Nicolae Borlea, Codruta Mare, Monica Violeta Achim & Adriana Puscas. (2016) Direction of Causality Between Financial Development and Economic Growth. Evidence for Developing Countries. Studia Universitatis „Vasile Goldis” Arad – Economics Series 26:2, pages 1-22.
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Phouphet KyophilavongGazi Salah UddinMuhammad Shahbaz. (2016) The Nexus between Financial Development and Economic Growth in Lao PDR. Global Business Review 17:2, pages 303-317.
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Bassam M. AbuAl-Foul, Ismail Genc & Musa Darayseh. (2016) On the causal link between financial development and economic growth: Case of Jordan. Corporate Ownership and Control 13:2, pages 518-520.
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Muhammad Shahbaz, Ijaz Ur Rehman & Ahmed Taneem Muzaffar. (2015) Re-Visiting Financial Development and Economic Growth Nexus: The Role of Capitalization in Bangladesh. South African Journal of Economics 83:3, pages 452-471.
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Ali Polat, Muhammad Shahbaz, Ijaz Ur Rehman & Saqlain Latif Satti. (2014) Revisiting linkages between financial development, trade openness and economic growth in South Africa: fresh evidence from combined cointegration test. Quality & Quantity 49:2, pages 785-803.
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Hasan Güngör, Salih Katircioglu & Mehmet Mercan. (2014) Revisiting the nexus between financial development, FDI, and growth: New evidence from second generation econometric procedures in the Turkish context. Acta Oeconomica 64:1, pages 73-89.
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Muhammad Shahbaz, Muhammad Shahbaz Shabbir & Muhammad Sabihuddin Butt. (2013) Effect of financial development on agricultural growth in Pakistan. International Journal of Social Economics 40:8, pages 707-728.
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Chin Hwa Lu & Chung Hua Shen. (2012) Bank Lending and Economic Growth of Chinese Cities. China & World Economy 20:2, pages 59-79.
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Qazi Muhammad Adnan Hye & Irina Dolgopolova. (2011) Economics, finance and development in China. Chinese Management Studies 5:3, pages 311-324.
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George E. Halkos & Marianna K. Trigoni. (2010) Financial development and economic growth: evidence from the European Union. Managerial Finance 36:11, pages 949-957.
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Zhou Ying-ying, Liu Chuan-zhe & Tang Liang. (2010) Empirical analysis of influences of fictitious economy on real economy in China. Empirical analysis of influences of fictitious economy on real economy in China.
Yemane Wolde-Rufael. (2009) Re-examining the financial development and economic growth nexus in Kenya. Economic Modelling 26:6, pages 1140-1146.
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Hirak RayMalay Kanti RayJoydeep Biswas. (2010) Bank, Market and Economic Growth. South Asia Economic Journal 10:2, pages 403-428.
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Hsiu‐Ling Wu, Chien‐Hsun Chen & Fang‐Ying Shiu. (2007) The impact of financial development and bank characteristics on the operational performance of commercial banks in the Chinese transitional economy. Journal of Economic Studies 34:5, pages 401-414.
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Salih Turan Katircioglu, Neslihan Kahyalar & Hasret Benar. (2007) Financial development, trade and growth triangle: the case of India. International Journal of Social Economics 34:9, pages 586-598.
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Masahiro Kodama. 2006. Recovering Financial Systems. Recovering Financial Systems 57 68 .
Arshad Arshad Khan & Abdul Qayyum. (2007) Trade Liberalisation, Financial Development and Economic Growth. SSRN Electronic Journal.
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Leonardo HS Fernandes, Fernando Henrique Antunes de Araujo, Jose W L Silva, Igor E M Silva & Benjamin Miranda Tabak. (2022) Evaluating the Efficiency of Brazilian Stock Market Indices: The Case of COVID-19. SSRN Electronic Journal.
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Fakhri Hasanov, Ruslan Aliyev, Dilvin Tashkin & Elchin Suleymanov. (2022) Oil Rents and Non-Oil Economic Growth in CIS Oil Exporters. The Role of Financial Development. SSRN Electronic Journal.
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Naresh Kumar. (2014) Estimation of Market Capitalization and Economic Growth in India. SSRN Electronic Journal.
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Muhammad Waqas, Safana Shaheen, Masood Sarwar Awan & Muhammad Amir Aslam. (2011) Financial Development, International Trade and Economic Growth: Empirical Evidence from Pakistan. SSRN Electronic Journal.
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Naresh Kumar. (2010) Estimation of Market Capitalization and Economic Growth in India. SSRN Electronic Journal.
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