DocumentCode
3569865
Title
Notice of Retraction
Dynamic effects of trade openness on financial development in China
Author
Jianjun Xu
Author_Institution
Dept. of Econ., Ningbo Univ., Ningbo, China
Volume
4
fYear
2011
Firstpage
118
Lastpage
122
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.
By employing generalized impulse response function and variance decomposition method, with time series data from 1982 to 2009, this paper analyzed the dynamic effects of trade openness on financial development in China. The results of impulse response function analysis show that foreign trade and foreign capital promote financial development in China, but there exists time lag and obvious difference between the positive effects. The results of variance decomposition reveal that foreign trade and foreign capital are both important for China´s financial development, and the contributions of foreign trade and foreign capital on bank credit and securities market are different. In addition, the researches also verify that income growth of residents is important for the development of securities market in China.
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.
By employing generalized impulse response function and variance decomposition method, with time series data from 1982 to 2009, this paper analyzed the dynamic effects of trade openness on financial development in China. The results of impulse response function analysis show that foreign trade and foreign capital promote financial development in China, but there exists time lag and obvious difference between the positive effects. The results of variance decomposition reveal that foreign trade and foreign capital are both important for China´s financial development, and the contributions of foreign trade and foreign capital on bank credit and securities market are different. In addition, the researches also verify that income growth of residents is important for the development of securities market in China.
Keywords
financial management; international trade; China; bank credit; financial development; foreign capital; foreign trade; impulse response function; trade openness; variance decomposition method; Economic indicators; Finance; Reactive power; Security; Time series analysis; Turning; financial development; impulse response function; trade openness; variance decomposition analysis;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Management and Electronic Information (BMEI), 2011 International Conference on
Print_ISBN
978-1-61284-108-3
Type
conf
DOI
10.1109/ICBMEI.2011.5920933
Filename
5920933
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