Regional Economic Disparity, Financial Disparity, and National Economic Growth: Evidence from China

Abstract

The dynamic relations among national economic growth, economic disparity, and financial disparity in China are examined. Specifically, the focus is on whether economic disparity or financial disparity affects national economic growth. As measures of economic and financial disparity across regions and provinces, the Williamson coefficient of disparity is employed using both regional data (eastern, central, and western) and provincial data (from 31 provinces). Overall, it is found that both provincial financial disparity and, to a lesser degree, economic disparity have a negative effect on national economic growth. In addition, financial disparity appears to be exogenous, suggesting that financial disparity is not influenced by either economic disparity or national economic growth.* Lee (corresponding author):

Environmental information disclosure in capital raising

“…Additionally, the control variable Location is significantly positive at the statistical level of 5%, suggesting that there are regional differences in the quality and level of environmental disclosure for Chinese listed polluting firms; Firms located in eastern coastal regions of China have higher EID than those located in other regions, and are more willing to disclose environmental information about energy consumption, environmental facilities operation and emissions. This regional disparity is consistent with the imbalanced regional economic development in China, in which eastern coastal regions and modern industries have been given priority since the beginning of China's economic reform (Lee et al, 2012).…”

“…Third, the use of a scale allows us to exclude irrelevant or redundant information and which is claimed to be more objective than techniques such as relying on word counts (Cormier & Magnan, 2007). 3 In the beginning of China's economic reform, priority has been given to eastern coastal regions and modern industries towards economic development, which results in great regional disparity (Laffont & Qian, 1999;Lee, Peng, Li, & He, 2012).…”

The Sustainable Development of Financial Inclusion: How Can Monetary Policy and Economic Fundamental Interact with It Effectively?

“…Although China is the world's second largest economy, the situation of uneven development still exists. It is found that economic disparity exists between regions and provinces in China, and the disparity has a negative impact on economic growth (Lee et al, 2012) [32]. Many low-income people in rural areas are excluded from the growth of the economy while cities and developed areas tend to gather more resources and receive preferential treatment from the financial system.…”

A nomogram to predict HER2 status in breast cancer patients with HER2-borderline disease as determined via immunohistochemistry

“…Because in many laboratories around the world, FISH is the first line test and IHC is the reflex test. However, in addition to the well-known socioeconomic disparities within China [ 25 ], substantial regional disparities exist, generally leading to insufficient financial resources and health-care staff in undeveloped regions. IHC is still the first step in HER2 detection.…”