Finance-growth nexus in China revisited: New evidence from principal components and ARDL bounds tests

This article re-examines the finance-growth nexus in China using principal components analysis and ARDL bounds testing approach to cointegration. The results suggest that principal components have an effective role in examining the links between growth and financial development and, that financial development fosters economic growth.

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Year of publication:	2010
Authors:	Jalil, Abdul ; Feridun, Mete ; Ma, Ying
Published in:	International Review of Economics & Finance. - Elsevier, ISSN 1059-0560. - Vol. 19.2010, 2, p. 189-195
Publisher:	Elsevier
Keywords:	Financial development Economic growth ARDL PCA

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008522540