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The paper makes an empirical study of financial efficiency and its contribution to economic growth in Hebei Province, China. The factor analysis results show that since 1995 financial efficiency of Hebei province has been changing first from strong to weak and then from weak to strong, financial reform of Hebei Province has made remarkable achievements and financial efficiency has improved a lot In...
This paper studies the relationship between financial development and economic growth based on the statistical data of 1992–2008 by using Granger causality test, the results show that: financial deepening can promote financial development, and contribute to economic growth; economic growth can improve the development of financial industry level; but at the present stage the relationship between financial...
In this paper, we investigate the relationship between financial development and economic growth for the case of China in the period from 1979 to 2008. We use econometric methodology such as unit root test, cointegration test and Granger causality test in this work. The empirical results suggest that there exists a bidirectional relationship between financial development and economic growth in the...
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