Finance-growth nexus in China revisited: New evidence from principal components and ARDL bounds tests |
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| Authors: | Abdul Jalil Mete Feridun Ying Ma |
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| Institution: | 1. School of Economics, Quaid-i-Azam University, Islamabad 45320, Pakistan;2. Department of Economics, Abdul Wali Khan University Mardan, Pakistan |
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| Abstract: | This article re-examines the finance-growth nexus in China using principal components analysis and ARDL bounds testing approach to cointegration. The results suggest that principal components have an effective role in examining the links between growth and financial development and, that financial development fosters economic growth. |
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