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Full-Text Articles in Social and Behavioral Sciences
Bank Efficiency And Regional Economic Growth: Evidence From China, Hong Zhuang, Haiyan Yin, Miao Grace Wang, Jiawen Yang
Bank Efficiency And Regional Economic Growth: Evidence From China, Hong Zhuang, Haiyan Yin, Miao Grace Wang, Jiawen Yang
Economics Faculty Research and Publications
This paper examines for the first time the relationship between bank efficiency and regional economic growth in China with provincial data over 1995 - 2014. We find consistent and strong evidence that bank efficiency positively affects regional economic growth. Further, bank efficiency exerts a more pronounced impact on economic growth in inland provinces than coastal regions. The insignificant effect of the quantity of credit in our regressions suggests that a mere expansion of financial volume is not effective in promoting regional economic growth, whereas the improvement in the quality of financial intermediation plays an important role fostering provincial economic growth.
Curbing Corruption, Financial Development And Income Inequality, Sourav Batabyal, Abdur Chowdhury
Curbing Corruption, Financial Development And Income Inequality, Sourav Batabyal, Abdur Chowdhury
Economics Faculty Research and Publications
In recent years, many of the Commonwealth countries have experienced a reduction in income inequalities due to the development of financial markets and intermediaries. At the same time, widespread corruption among public officials, civil servants, or politicians from these countries have been well documented. A key public policy question is whether the return to financial sector development at the level of massive corruption, exacerbate income inequality, offsetting the benefits of financial development. Using a panel data of 30 Commonwealth countries over the period of 1995–2008, it is found that the high rates of corruption in the Commonwealth countries are crowding …
By How Much Does Conflict Reduce Financial Development?, Tony Addison, Abdur Chowdhury, Syed M. Murshed
By How Much Does Conflict Reduce Financial Development?, Tony Addison, Abdur Chowdhury, Syed M. Murshed
Economics Faculty Research and Publications
Financial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the financial system, thereby undermining the sustainability of financial institutions. Conflict therefore reduces the social return to financial liberalization and other financial-sector reforms. This paper presents a theoretical model integrating the effects of conflict and financial liberalization, and then tests the model on data for 79 countries. Using an explanatory variable that measures the intensity of conflict (from low to high) the results show that …