Financial Repression and Financial Deepening and Economic Growth in China

摘要

By constructing the financial development index scientificaly evaluate the level of of China's financial development, construction of VAR model: an empirical analysis of 1990-2008 correlation mechanism of Chinese financial development and economic growth. Study results showed that Chinese McKinnon of the developing countries, "financial repression" phenomena, inhibition of short-term financial constraints to economic development. Under "financial deepening theory", proposed financial reform-related proposals.