Title :
Banking System vs. Stock Market in China
Author :
Yang Fan ; Teng Jian-zhou
Author_Institution :
Sch. of Econ., Northeast Normal Univ., ChangChun, China
Abstract :
This paper applies the TYDL procedure to test the comparative advantage of the banking system vs. stock market in China. For the availability of the data, we confine our analysis between 1992Q1 to 2008Q4. Empirical result shows that there exists bi-directional Granger causality between the banking development and the economic growth in China; on the contrary, evidence implies that the stock market in China generally has a negative impact on economic growth but economic growth indeed has promoted the stock market development.
Keywords :
banking; stock markets; China; TYDL procedure; banking system; bidirectional Granger causality; economic growth; stock market; Banking; Biological system modeling; Companies; Economic indicators; Stock markets; Time series analysis;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576513
