The Role of Credit in China's Macroeconomic Fluctuations

Jenner, Keaton Scott (2014). The Role of Credit in China's Macroeconomic Fluctuations Honours Thesis, School of Economics, The University of Queensland.

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Author Jenner, Keaton Scott
Thesis Title The Role of Credit in China's Macroeconomic Fluctuations
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 2014-11-11
Thesis type Honours Thesis
Supervisor James Laurenceson
Rodney Strachan
Total pages 87
Language eng
Subjects 14 Economics
Formatted abstract
The availability of credit has long been viewed by scholars as a key driver of fluctuations in China's real output per capita. This paper seeks to move beyond the descriptive accounts of this relationship and empirically estimate the impact that credit has on output using provincial-level panel data. The results suggest that credit has a positive impact on output at the 10% level of significance. Specifically, the empirical findings imply that a 1% increase in real credit growth per capita is associated with a 0.3-0.77% increase in real GDP growth per capita.
Keyword China
Panel data

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
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