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Law, finance, and economic growth in China

Allen, Franklin; Qian, Jun; Qian, Meijun

Description

China is an important counterexample to the findings in the law, institutions, finance, and growth literature: Neither its legal nor financial system is well developed, yet it has one of the fastest growing economies. While the law–finance–growth nexus applies to the State Sector and the Listed Sector, with arguably poorer applicable legal and financial mechanisms, the Private Sector grows much faster than the others and provides most of the economy’s growth. The imbalance among the three...[Show more]

CollectionsANU Research Publications
Date published: 2005-07
Type: Journal article
URI: http://hdl.handle.net/1885/112130
Source: Journal of Financial Economics
DOI: 10.1016/j.jfineco.2004.06.010

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