DocumentCode
1652357
Title
Notice of Retraction
Empirical study on the relationship between financial development and economic growth in China
Author
Jie, Duan ; Yong, Liu
Author_Institution
School of Humanities, economics and law Northwestern Polytechnical University Xi´an, China
fYear
2011
Firstpage
1
Lastpage
3
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.
This paper studies the relationship between financial development and economic growth based on the statistical data of 1992–2008 by using Granger causality test, the results show that: financial deepening can promote financial development, and contribute to economic growth; economic growth can improve the development of financial industry level; but at the present stage the relationship between financial development and economic development is still unidirectional causality, financial development did not play its due role in promoting economic growth, China´s financial industry is still at low level.
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.
This paper studies the relationship between financial development and economic growth based on the statistical data of 1992–2008 by using Granger causality test, the results show that: financial deepening can promote financial development, and contribute to economic growth; economic growth can improve the development of financial industry level; but at the present stage the relationship between financial development and economic development is still unidirectional causality, financial development did not play its due role in promoting economic growth, China´s financial industry is still at low level.
Keywords
Banking; Business; Econometrics; Educational institutions; Yttrium; Granger causality test; economic growth; financial deepening; financial development;
fLanguage
English
Publisher
ieee
Conference_Titel
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location
Shanghai, China
Print_ISBN
978-1-4244-8691-5
Type
conf
DOI
10.1109/ICEBEG.2011.5882353
Filename
5882353
Link To Document