TY - GEN
T1 - An empirical study between regional economic development and the distribution of credit quota in China
AU - Cheng, Li Wei
AU - Ren, Jin Chan
AU - Luo, Ying Chan
PY - 2007
Y1 - 2007
N2 - The relationship between regional economical development and credit quota was studied in this paper, based on officially published data of China's 31 provinces, municipalities and autonomous, by using unit root test, cointegration test, Granger causality test, and panel data model. It is evident that a long-term stable balance does exist between regional GDP and its credit quota, and further more, credit quota is a Granger cause of GDP growth. In most regions of China nowadays, capital market and direct investment channel are still not well developed, and therefore credit quota, as an indirect way of investment, had become one of the most important factors affecting the development of area economy. Compared to undeveloped regions, developed regions have broader financing channels, faster growth of credit quota, and as a result, its economic development has weaker dependence on credit funds.1.
AB - The relationship between regional economical development and credit quota was studied in this paper, based on officially published data of China's 31 provinces, municipalities and autonomous, by using unit root test, cointegration test, Granger causality test, and panel data model. It is evident that a long-term stable balance does exist between regional GDP and its credit quota, and further more, credit quota is a Granger cause of GDP growth. In most regions of China nowadays, capital market and direct investment channel are still not well developed, and therefore credit quota, as an indirect way of investment, had become one of the most important factors affecting the development of area economy. Compared to undeveloped regions, developed regions have broader financing channels, faster growth of credit quota, and as a result, its economic development has weaker dependence on credit funds.1.
KW - Credit quota
KW - Economic development
KW - Granger causality test
KW - Panel data model
UR - http://www.scopus.com/inward/record.url?scp=43549094684&partnerID=8YFLogxK
U2 - 10.1109/ICMSE.2007.4422016
DO - 10.1109/ICMSE.2007.4422016
M3 - Conference Proceeding
AN - SCOPUS:43549094684
SN - 9787883580805
T3 - Proceedings of 2007 International Conference on Management Science and Engineering, ICMSE'07 (14th)
SP - 1248
EP - 1253
BT - Proceedings of 2007 International Conference on Management Science and Engineering, ICMSE'07 (14th)
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2007 International Conference on Management Science and Engineering, ICMSE'07
Y2 - 20 August 2007 through 22 August 2007
ER -
