Development of Financial Intermediation and the Dynamics of Urban-Rural Disparity in China, 1978-1998

被引：19

作者：

Chen, Yiu Por ^{[1
]}

Liu, Mingxing ^{[2
]}

Zhang, Qi ^{[3
]}

机构：

[1] Depaul Univ, Sch Publ Serv, Chicago, IL 60604 USA

[2] Peking Univ, China Inst Educ Finance Res, Beijing 100871, Peoples R China

[3] Northwestern Univ, Dept Polit Sci, Evanston, IL 60208 USA

来源：

REGIONAL STUDIES | 2010年 / 44卷 / 09期

关键词：

Financial intermediation; Urban-rural inequality; Kuznets effect; Development policy; China; INEQUALITY; GROWTH;

D O I：

10.1080/00343400903365052

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Chen Y. P., Liu M. and Zhang Q. Development of financial intermediation and the dynamics of urban-rural disparity in China, 1978-1998, Regional Studies. This paper focuses on the impacts of financial intermediation development on the urban-rural income disparity (URID) in China. Using a twenty-year province-level panel data set from 1978 to 1998, it is found that the change of URID may be explained by fiscal policy during the early reform period (1978-1989) and financial intermediates during the later reform period (1990-1998). In addition, it is shown that the direction the Kuznets effect, an inverted 'U'-shaped relationship between per-capita gross domestic product and URID, is sensitive to changes in government development policies. This study adds to the spatial economic inequality literature by clarifying the effects of urban-biased financial intermediation policy on the underlying dynamics of convergent and divergent effects on urban-rural inequality.

引用

页码：1171 / 1187

页数：17