DocumentCode
1657642
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
Volume
3
fYear
2010
Firstpage
237
Lastpage
241
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.
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Advanced Management Science (ICAMS), 2010 IEEE International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4244-6931-4
Type
conf
DOI
10.1109/ICAMS.2010.5553247
Filename
5553247
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