Author: Zhicheng Liang / Content Type: Working Paper / Publishing Institution: United Nations University / Political Geography: Asia

Author:: Zhicheng Liang
Publication Date:: 09-2006
Content Type:: Working Paper
Institution:: United Nations University
Abstract:: Financial development can exert a significant influence on the distribution of income. In this paper, using Chinese provincial data over the period of 1991-2000 and applying the generalized method of moment (GMM) techniques, we investigate the relationship between finance and inequality in rural China by testing alternative existing theories concerning the finance-inequality nexus. A negative and linear relationship between finance and inequality is found in our estimations. The empirical results show that financial development significantly reduces income inequality in post-reform rural China.
Topic:: Demographics, Development, and Economics
Political Geography:: China and Asia

Author:: Zhicheng Liang
Publication Date:: 08-2006
Content Type:: Working Paper
Institution:: United Nations University
Abstract:: Deepening financial development and rapid economic growth in China have been accompanied by widening income disparity between the coastal and inland regions. In this paper, by employing panel dataset for 29 Chinese provinces over the period of 1990-2001 and applying the generalized method of moment (GMM) techniques, we examine the impacts of financial development on China's growth performance. Our empirical results show that financial development significantly promotes economic growth in coastal regions but not in the inland regions; the weak finance-growth nexus in inland provinces may aggravate China's regional disparities.
Topic:: Conflict Resolution, Development, and Economics
Political Geography:: China and Asia

Author:: Zhicheng Liang
Publication Date:: 06-2006
Content Type:: Working Paper
Institution:: United Nations University
Abstract:: China has experienced rapid integration into the global economy and achieved remarkable progress in poverty reduction over the last two decades. In this paper, by employing panel data covering twenty-five Chinese provinces over the period of 1986- 2002, and applying the endogenous threshold regression techniques, we empirically investigate the globalization-poverty nexus in China, paying particular attention to the nonlinearity of the impact of globalization on the poor. Estimation results provide strong evidence to suggest that there exists a threshold in the relationship between globalization and poverty: globalization is good for the poor only after the economy has reached a certain threshold level of globalization.
Topic:: Economics, Globalization, and Poverty
Political Geography:: China and Asia

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