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4 November 2020 Is Financial Structure Good for Marine Economic Growth? An Evidence from China
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Abstract

Xu, X. and Cui, Y., 2020. Is financial structure good for marine economic growth? An evidence from China. In: Li, L. and Huang, X. (eds.), Sustainable Development in Coastal Regions: A Perspective of Environment, Economy, and Technology. Journal of Coastal Research, Special Issue No. 112, pp. 311-314. Coconut Creek (Florida), ISSN 0749-0208.

This paper mainly studies the relationship between China's marine economic growth and financial structure. Based on the data analysis from 2001 to 2019, there is an inverted U-shaped nonlinear effect between China's loan, bond, stock financing and marine economic growth, so there will be an optimal scale of loan, bond and stock financing in China. In addition, from the perspective of financial asset structure, the results also show that the marketization of financial structure can promote the growth of marine economy. Therefore, China should control the scale of indirect financing mainly by loans and direct financing mainly by bonds and stocks within a reasonable range, so as to promote the rapid and healthy development of marine economy.

©Coastal Education and Research Foundation, Inc. 2020
Xiaofei Xu and Yanjuan Cui "Is Financial Structure Good for Marine Economic Growth? An Evidence from China," Journal of Coastal Research 112(sp1), 311-314, (4 November 2020). https://doi.org/10.2112/JCR-SI112-081.1
Received: 30 June 2020; Accepted: 3 August 2020; Published: 4 November 2020
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