Chinese financial structure and economic development

Author: Li Muxiang
Publisher:
Publish Date: 2004-08-01
Features: The relationship between financial structure and economic development is a hot research topic in China's academic circles. Based on learning from and building upon previous research, the author of this book attempts to draw new conclusions, perspectives, and suggestions through innovative research methods, employing theoretical induction and logical deduction from fresh angles. The book takes economic total growth and economic structural improvement as entry points, with the theoretical framework of foreign financial development and economic growth, as well as comparative studies on foreign financial structures, as its foundation. It combines theoretical and quantitative analysis, as well as normative and empirical research. Theoretical analysis serves as the basis, while empirical analysis provides support. The book employs institutional economics methods to study the path and inevitability of China's financial structure transformation, theoretical analysis to examine the impact of China's financial structure on financial efficiency, empirical analysis to explore the relationship between China's finance and economic growth, modern econometrics to investigate the cointegration between China's financial development and economic growth, and information economics to analyze the inefficient allocation of financial resources in China's financial structure. In the end, it proposes reform and development strategies for China's financial structure, offering valuable insights for the formulation and adjustment of China's macroeconomic policies.