Financial development, economic efficiency, and productivity growth evidence from China

Financial development may lead to productivity improvement in developing countries. In this paper, based on the Data Envelopment Analysis (DEA) approach, we use the Malmquist index to measure China's total factor productivity change and its two components (i.e., efficiency change and technical...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:The developing economies
1. Verfasser: Guillaumont Jeanneney, Sylviane (VerfasserIn)
Weitere Verfasser: Hua, Ping (BerichterstatterIn), Zhicheng, Liang (BerichterstatterIn), Liang, Zhicheng (BerichterstatterIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 2006
Schlagworte:
Finanzmarktregulierung > Deregulierung > Wirkungsanalyse > Produktivität > Technische Effizienz > China > Finanzwirtschaft > Wirtschaftsentwicklung > Wirtschaftswachstum > Effektivität > Entwicklung > Unterentwicklung > Ursache > Volksrepublik China > Finanzsektor > Aufsatz in Zeitschrift
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Financial development may lead to productivity improvement in developing countries. In this paper, based on the Data Envelopment Analysis (DEA) approach, we use the Malmquist index to measure China's total factor productivity change and its two components (i.e., efficiency change and technical progress). We find that China has recorded an increase in total factor productivity from 1993 to 2001, and that productivity growth was mostly attributed to technical progress, rather than to improvement in efficiency. Moreover, using panel data set covering 29 Chinese provinces over the period of 1993-2001 and applying the Generalized-Method-of-Moment system estimation, we investigate the impact of financial development on productivity growth in China. Empirical results show that,during this period, financial development has significantly contributed to China's productivity growth, mainly through its favorable effect on efficiency. (Dev Econ/GIGA)
Beschreibung:graph. Darst.
ISSN:0012-1533