References
- Allen , F. , Qian , J. and Qian , M. 2008 . “ China's financial system: past, present and future ” . In China's Great Economic Transformation , Edited by: Brandt , L. and Rawski , T. G. 506 – 68 . Cambridge : Cambridge University Press .
- Boyreau-Debray , G. and Wei , S. J. 2004 . Can China grow faster? A diagnosis of the fragmentation of its domestic capital market, IMF Working Paper No. WP/04/76 , Washington, DC : International Monetary Fund .
- Coakley , J. , Farida , K. and Smith , R. 1998 . The Feldstein–Horioka puzzle and capital mobility: a review . International Journal of Finance and Economics , 3 : 169 – 88 .
- Feldstein , M. and Horioka , C. 1980 . Domestic saving and international capital flows . Economic Journal , 90 : 314 – 29 .
- Fisman , R. and Love , I. 2004 . Financial development and intersectoral allocation: a new approach . Journal of Finance , 59 : 2785 – 807 .
- Hodrick , R. J. and Prescott , E. C. 1997 . Postwar US business cycles: an empirical investigation . Journal of Money, Credit and Banking , 29 : 1 – 16 .
- Iwamoto , Y. and van Wincoop , E. 2000 . Do borders matter? Evidence from Japanese regional net capital flows . International Economic Review , 41 : 241 – 69 .
- King , R. G. and Levine , R. 1993 . Finance and growth: ‘Schumpeter might be right’ . Quarterly Journal of Economics , 108 : 717 – 37 .
- Park , A. and Sehrt , K. 2001 . Tests of financial intermediation and banking reform in China . Journal of Comparative Economics , 29 : 608 – 44 .
- Payne , J. E. and Mohammadi , H. 2006 . Capital mobility and savings-investment correlations: panel data evidence from transition economies . Applied Economics Letters , 13 : 611 – 13 .
- Rajan , R. G. and Zingales , L. 1998 . Financial dependence and growth . American Economic Review , 88 : 559 – 86 .
- Wu , J. 2004 . Chinese Economic Reform , Shanghai : Shanghai Far East Publishers .
- Yamori , N. 1995 . The relationship between domestic savings and investment: the Feldstein–Horioka test using Japanese regional data . Economics Letters , 48 : 361 – 6 .
- Zhang , J. , Wan , G. and Jin , Y. 2007 . The financial deepening-productivity nexus in China: 1987–2001 . Journal of Chinese Economic and Business Studies , 5 : 37 – 49 .