Financial System Reform and Economic Growth in a Transition Economy: The Case of China, 1978-2004

We examine the relationship between financial system reform and growth using data for China, which has undergone extensive financial liberalization since 1978. We construct an index of financial liberalization by combining the "Delphi method" and principal components analysis to combine ei...

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Veröffentlicht in:Emerging markets finance & trade 2014-03, Vol.50 (sup2), p.5-22
Hauptverfasser: Peng, Jiangang, Groenewold, Nicolaas, Fan, Xiangmei, Li, Guanzheng
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Sprache:eng
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