Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212798 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 12/2014
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
The paper investigates the influences of financial development on patterns of industrial specialization across China's regions. We find that industrial sectors reliant on access to external finance are found to concentrate in regions with developed financial markets. Both foreign direct investment (FDI) and informal financing channels are shown to play significant roles in shaping patterns of industrial specialization in China. In contrast, proxies for formal financial markets, e.g. the banking system and capital markets have few effects on regional industrial agglomeration. The role of financial development remains robust to instrumental variable estimation and controlling for other traditional determinants of regional specialization.
Schlagwörter: 
financial development
informal finance
FDI
industrial specialization
JEL: 
G10
G20
L60
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-6699-82-0
Dokumentart: 
Working Paper

Datei(en):
Datei
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