Financial Reforms, Growth and Regional Disparity in China

In this paper, by employing the Generalized Method of Moment (GMM) techniques and Chinese provincial level data from 1991 to 2003, we empirically investigate the relationship between finance and growth in post-reform China. We find that financial development significantly promotes economic growth in coastal regions but not in inland regions; the weak finance-growth nexus in inland provinces has exacerbated China’s regional disparity.Financial Development, income disparity, Chinese Economy

Financial Reforms, Growth and Regional Disparity in Post-reform China

In this paper, by employing the Generalized Method of Moment (GMM) techniques and Chinese provincial level data from 1991 to 2003, we empirically investigate the relationship between finance and growth in post-reform China. We find that financial development significantly promotes economic growth in coastal regions but not in inland regions; the weak finance-growth nexus in inland provinces has exacerbated China's regional disparity.Financial Development;income disparity;Chinese Economy

Threshold Estimation on the Globalization-Poverty Nexus: Evidence from China

globalization, poverty reduction, economy, China

Financial Development and Income Inequality in Rural China 1991-2000

financial development, income inequality, economy, China

Numerical investigations of traveling singular sources problems via moving mesh method

This paper studies the numerical solution of traveling singular sources problems. In such problems, a big challenge is the sources move with different speeds, which are described by some ordinary differential equations. A predictor-corrector algorithm is presented to simulate the position of singular sources. Then a moving mesh method in conjunction with domain decomposition is derived for the underlying PDE. According to the positions of the sources, the whole domain is splitted into several subdomains, where moving mesh equations are solved respectively. On the resulting mesh, the computation of jump $[\dot{u}]$ is avoided and the discretization of the underlying PDE is reduced into only two cases. In addition, the new method has a desired second-order of the spatial convergence. Numerical examples are presented to illustrate the convergence rates and the efficiency of the method. Blow-up phenomenon is also investigated for various motions of the sources

Financial Reforms, Growth and Regional Disparity in Post-reform China

In this paper, by employing the Generalized Method of Moment (GMM) techniques and Chinese provincial level data from 1991 to 2003, we empirically investigate the relationship between finance and growth in post-reform China. We find that financial development significantly promotes economic growth in coastal regions but not in inland regions; the weak finance-growth nexus in inland provinces has exacerbated China's regional disparity

Agricultural Trade and Rural Poverty in Post-reform China

In this paper, by employing Chinese provincial data, we develop a simultaneous equation model to estimate the relationship between agricultural trade and rural poverty in post-reform China. We find that trade liberalization can affect China's poverty both directly through providing the poor with effective access to factor and product markets, and indirectly through its ‘growth effects' and ‘distributional effects'. However, although China's impressive economic growth and trade expansion have led to remarkable reduction in rural poverty over the last two decades, this process was negatively affected and severely slowed down by recent deterioration in income distribution

Agricultural Trade and Rural Poverty in Post-reform China

In this paper, by employing Chinese provincial data, we develop a simultaneous equation model to estimate the relationship between agricultural trade and rural poverty in post-reform China. We find that trade liberalization can affect China's poverty both directly through providing the poor with effective access to factor and product markets, and indirectly through its ‘growth effects' and ‘distributional effects'. However, although China's impressive economic growth and trade expansion have led to remarkable reduction in rural poverty over the last two decades, this process was negatively affected and severely slowed down by recent deterioration in income distribution.Trade;Poverty Reduction;Chinese Economy

Agricultural Trade and Rural Poverty in Post-reform China

In this paper, by employing Chinese provincial data, we develop a simultaneous equation model to estimate the relationship between agricultural trade and rural poverty in post-reform China. We find that trade liberalization can affect China’s poverty both directly through providing the poor with effective access to factor and product markets, and indirectly through its ‘growth effects’ and ‘distributional effects’. However, although China’s impressive economic growth and trade expansion have led to remarkable reduction in rural poverty over the last two decades, this process was negatively affected and severely slowed down by recent deterioration in income distribution.Trade, Poverty Reduction, Chinese Economy

Financial Development, Economic Efficiency and Productivity Growth: Evidence from China

Financial development may lead to productivity improvement in developing countries. In this paper, based on the Data Envelopment Analysis (DEA) approach, we use the Malmquist index to measure China’s total factor productivity change and its two components (i.e., efficiency change and technical progress). We find that China has recorded an increase in total factor productivity from 1993 to 2001, and that productivity growth was mostly attributed to technical progress, rather than to improvement in efficiency. Moreover, using panel data set covering 29 Chinese provinces over the period of 1993-2001 and applying the Generalized-Method-of-Moment system estimation, we investigate the impact of financial development on productivity growth in China. Empirical results show that, during this period, financial development has significantly contributed to China’s productivity growth, mainly through its favourable effect on efficiency.Financial Development, total factor productivity, Chinese Economy