Electronic Resource
Oxford, UK and Boston, USA
:
Blackwell Publishers Ltd
The @world economy
24 (2001), S. 0
ISSN:
1467-9701
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Law
,
Economics
Notes:
This paper summarises China’s financial liberalisation experience and examines the contributions of financial resources on economic growth during the post-reform period. Financial liberalisation has resulted in the reallocation of the four sources of total investment in fixed assets: state budget appropriation, national bank loans, self-raised funds, and foreign investment. We find that the growth of GDP and industrial production are positively related to the growth of self-raised funds and foreign investment. We conclude that the use of foreign investment and funds raised by the enterprises themselves are more efficient than the government’s appropriation and provision of bank loans.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/1467-9701.00375
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