Title :
Notice of Retraction
Financial development and economic growth: Evidence from cointegration and Granger causality tests
Author :
Changjun Zheng ; Xiaohui Han ; Lingyun He
Author_Institution :
Sch. of Manage., Huazhong Univ. of Sci. & Technol., Wuhan, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
In this paper, we investigate the relationship between financial development and economic growth for the case of China in the period from 1979 to 2008. We use econometric methodology such as unit root test, cointegration test and Granger causality test in this work. The empirical results suggest that there exists a bidirectional relationship between financial development and economic growth in the period from 1979 to 2008, but the relationship between M2 and economic growth is negatively correlated, conclusions departing distinctively from those in the previous studies.
Keywords :
econometrics; economics; financial management; China; Granger causality test; cointegration test; econometric methodology; economic growth; financial development; unit root test; Book reviews; Educational institutions; Eigenvalues and eigenfunctions; Finance; China; Economic growth; Financial development; Granger causality test;
Conference_Titel :
Advanced Management Science (ICAMS), 2010 IEEE International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-6931-4
DOI :
10.1109/ICAMS.2010.5553247
