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Volume 20, Issue 1
1 January 2002
Studies in Economics and Finance Cover Image for Volume 20, Issue 1
Review Article| January 01 2002

The Relationship Between Financial Development and Economic Growth: Evidence From China

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Xiaohui Liu
The University of Luton
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Chang Shu
Hong Kong Monetary Authority
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 1755-6791
Print ISSN: 1086-7376
© MCB UP Limited
2002
Studies in Economics and Finance (2002) 20 (1): 76–84.
https://doi.org/10.1108/eb028760

This paper investigates the causal links between financial development and economic growth in China by employing the Granger causality test within a VARECM framework. Bi‐directional causality is found between financial development and growth, suggesting that economic growth and financial development are mutually reinforcing under the open‐door policy.

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© MCB UP Limited
2002
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