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The impact of financial development on China's economic growth - An empirical study
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نویسنده
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zhu x. ,zhu w. ,ding s. ,shu w.
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منبع
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pakistan journal of statistics - 2013 - دوره : 29 - شماره : 6 - صفحه:1141 -1152
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چکیده
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Through employing financial and economic growth theories and adopting the panel data of 27 provinces from 1995 to 2010,this paper uses the panel data model to measure the influence of two different organizations on economic growth: banks and non-bank financial institutions. results show that there is a significant and economic correlation between economic growth and banks instead of non-bank financial institutions. on this basis,this paper further examines the reform of financial institutions. finally,a conclusion is drawn that large state-owned banks should be commercialized and a new financial system composed of medium and small banks should be established. © 2013 pakistan journal of statistics.
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کلیدواژه
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Banks; Economic growth; Financial development; Non-bank financial institutions; Panel data model
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آدرس
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school of management,hefei university of technology,box 270,hefei 230009,anhui,china,anhui business vocational college, China, school of management,hefei university of technology,box 270,hefei 230009, China, school of management,hefei university of technology,box 270,hefei 230009, China, anhui business vocational college, China
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Authors
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