DocumentCode
2156456
Title
Banking System vs. Stock Market in China
Author
Yang Fan ; Teng Jian-zhou
Author_Institution
Sch. of Econ., Northeast Normal Univ., ChangChun, China
fYear
2010
fDate
24-26 Aug. 2010
Firstpage
1
Lastpage
4
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;
fLanguage
English
Publisher
ieee
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
Type
conf
DOI
10.1109/ICMSS.2010.5576513
Filename
5576513
Link To Document