Title: Capital markets and Financial market liberalisation; what are the effects on economic growth? Evidence from China
Abstract: After many years of financial market repression the Chinese government has initiated reforms which have eased the financial reigns, in an attempt to allow significant financial market development to be achieved. Coinciding with financial market liberalization, China has become increasingly integrated into the global economy and has achieved remarkable economic success. This paper will seek to establish the role capital inflows and recent capital market structuring has had on greater macroeconomic growth within metropolitan and greater China. The paper will analyze the literature surrounding the various financial channels such as Foreign Direct Investment (FDI), corporate and government bonds, Banks and equity financing on greater macroeconomic growth and total factor productivity in order to gauge the significance of each as a contributor to economic growth. Within the review theoretical and empirical studies will be analyzed whereby historical (pre reform) and current (post reform) data is implemented.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot