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150128 ||| eng |
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|a 9781451849905
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|a Wei, Shang-Jin
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|a Can China Grow Faster? A Diagnosis of the Fragmentation of Its Domestic Capital Market
|c Shang-Jin Wei, Genevieve Boyreau-Debray
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2004
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300 |
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|a 45 pages
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651 |
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4 |
|a China, People's Republic of
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653 |
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|a International finance
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653 |
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|a Credit
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653 |
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|a Wealth
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653 |
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|a Finance
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653 |
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|a Monetary economics
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653 |
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|a Capital markets
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653 |
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|a Saving
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653 |
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|a Capital market
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653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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653 |
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|a Long-term Capital Movements
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653 |
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|a Exports and Imports
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653 |
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|a General Financial Markets: General (includes Measurement and Data)
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653 |
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|a International economics
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653 |
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|a Financial integration
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653 |
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|a Consumption; Economics
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653 |
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|a Capital inflows
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653 |
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|a Consumption
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653 |
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|a Bank credit
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653 |
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|a Macroeconomics
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653 |
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|a Macroeconomics: Consumption
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653 |
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|a Capital movements
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653 |
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|a Money and Monetary Policy
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653 |
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|a Finance: General
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653 |
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|a International Investment
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|a Boyreau-Debray, Genevieve
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
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|a 10.5089/9781451849905.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2004/076/001.2004.issue-076-en.xml?cid=17135-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper examines possible segmentation of the internal capital market in China. We employ two standard tools from the international finance literature to analyze financial integration across Chinese provinces. Both tests confirm a similar (and somewhat surprising) picture: capital mobility within China is low! Furthermore, the degree of internal financial integration appears to have decreased, rather than increased, in the 1990s relative to the preceding period. Finally, we document that the government tends to reallocate capital from more productive regions to less productive ones. In this sense, a smaller role of the government in the financial sector might increase the rate of economic growth
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