Abstract
his paper investigates the causal links between financial development and economic growth in China by employing the Granger causality test within a VARECM framework. Bi‐directional causality is found between financial development and growth, suggesting that economic growth and financial development are mutually reinforcing under the open‐door policy.
| Original language | English |
|---|---|
| Journal | Studies in Economics and Finance |
| Volume | 20 |
| Issue number | 1 |
| Publication status | Published - 2002 |
