Bank Lending and Economic Growth of Chinese Cities

2012 ◽  
Vol 20 (2) ◽  
pp. 59-79 ◽  
Author(s):  
Chin Hwa Lu ◽  
Chung Hua Shen
Keyword(s):  
Economic Growth ◽  
Bank Lending ◽  
Chinese Cities

scholarly journals What is beyond the edges? Gated communities and their role in China’s desire for harmonious cities

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Badiaa Hamama ◽  
Jian Liu
Keyword(s):  
Economic Growth ◽  
Real Estate ◽  
Urban Form ◽  
Gated Communities ◽  
Urban Fabric ◽  
Chinese Cities ◽  
The Matrix ◽  
Process Of Urbanization ◽  
New Urbanization

Abstract During the rapid process of urbanization in post-reform China, cities assumed the role of a catalyst for economic growth and quantitative construction. In this context, territorially bounded and well delimited urban cells, globally known as ‘gated communities’, xiaoqu, continued to define the very essence of Chinese cities becoming the most attractive urban form for city planners, real estate developers, and citizens alike. Considering the guidelines in China’s National New Urbanization Plan (2014–2020), focusing on the promotion of humanistic and harmonious cities, in addition to the directive of 2016 by China’s Central Urban Work Conference to open up the gates and ban the construction of new enclosed residential compounds, this paper raises the following questions: As the matrix of the Chinese urban fabric, what would be the role of the gated communities in China’s desire for a human-qualitative urbanism? And How to rethink the gated communities to meet the new urban challenges? Seeking alternative perspectives, this paper looks at the gated communities beyond the apparent limits they seem to represent, considering them not simply as the ‘cancer’ of Chinese cities, rather the container of the primary ingredients to reshape the urban fabric dominated by the gate.

Direct Foreign Investment and Economic Development in Latin America: Perspectives for the Future

1989 ◽  
Vol 21 (1-2) ◽  
pp. 221-239 ◽  
Author(s):  
Eva Paus
Keyword(s):  
Economic Growth ◽  
Latin American ◽  
Foreign Investment ◽  
Debt Crisis ◽  
Direct Foreign Investment ◽  
Bank Lending ◽  
Economic Growth And Development ◽  
International Bank ◽  
The Future ◽  
Latin American Countries

Since 1982, most Latin American countries have witnessed slow economic growth and a persistent net transfer of funds to the rest of the world as a result of sharply reduced inflows of private international bank lending and large debt payment obligations. Against this background direct foreign investment (DFI) has received increasing attention as one important element in overcoming the present stagnation-cum-debt crisis as well as in contributing to renewed economic growth. This article explores the possible contributions of DFI to the future economic growth and development of the region.1

scholarly journals Non-bank financial institutions and economic growth: Evidence from Africa’s three largest economies

2017 ◽  
Vol 20 (1) ◽  
Author(s):  
Ronald Rateiwa ◽  
Meshach J. Aziakpono
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Financial Institutions ◽  
Time Series Data ◽  
Bank Lending ◽  
Series Data ◽  
The Sustainable Development ◽  
Long Run ◽  
The Relationship

Background: In order for the post-2015 world development agenda – termed the sustainable development goals (SDGs) – to succeed, there is a pronounced need to ensure that available resources are used more effectively and additional financing is accessed from the private sector. Given that traditional bank lending has slowed down, the development of non-bank financing has become imperative. To this end, this article intends to empirically test the role of non-bank financial institutions (NBFIs) in stimulating economic growth.Aim: The aim of this article is to empirically test the existence of a long-run equilibrium relationship between economic growth and the development of NBFIs, and the causality thereof.Setting: The empirical assessment uses time-series data from Africa’s three largest economies, namely, Egypt, Nigeria and South Africa, over the period 1971–2013.Methods: This article uses the Johansen cointegration and vector error correction model within a country-specific setting.Results: The results showed that the long-run relationship between NBFI development and economic growth is relatively stronger in Egypt and South Africa, than in Nigeria. Evidence in respect of Nigeria shows that such a relationship is weak. The nature of the relationship between NBFI development and economic growth in Egypt is positive and significant, and predominantly bidirectional. This suggests that a virtuous relationship between NBFIs and economic growth exists in Egypt. In South Africa, the relationship is positive and significant and predominantly runs from NBFI development to economic growth, implying a supply-leading phenomenon. In Nigeria, the results are weak and mixed.Conclusion: The study concludes that in countries with more developed financial systems, the role of NBFIs and their importance to the economic growth process are more pronounced. Thus, there is need for developing policies targeted at developing the NBFI sector, given their potential to contribute to economic growth.

scholarly journals Is Urban Sprawl Decoupled from the Quality of Economic Growth? Evidence from Chinese Cities

2019 ◽  
Vol 12 (1) ◽  
pp. 218 ◽  
Author(s):  
Xinhai Lu ◽  
Danling Chen ◽  
Yue Wang
Keyword(s):  
Economic Growth ◽  
Urban Sprawl ◽  
Urban Policy ◽  
Urban Expansion ◽  
National Level ◽  
Policy Makers ◽  
Chinese Cities ◽  
Technological Efficiency ◽  
Spatial Differences

This paper investigates how urban sprawl and the quality of economic growth interact and further studies the spatial-temporal decoupling characteristics of both. To achieve this, a framework was developed to better explain both the different dimensional effects urban sprawl exerts on the quality of economic growth and their reverse feedback relation. A sample of 285 Chinese cities (2003 to 2016) were analyzed, employing both a decoupling model and spatial correlation analysis. The findings indicated that urban sprawl and the quality of economic growth are related via scale, structure, technological efficiency, and technological progress effects. In practice, with increasing quality of economic growth, the urban sprawl index decreases at the national level. At prefecture-city level, the types of decoupling between urban sprawl and the quality of economic growth showed clear periodical and unbalanced characteristics. Furthermore, decoupling showed a significant agglomeration effect in Chinese cities, which is mainly mediated by the types High-High and Low-Low. This study provides a significant contribution to the relevant acknowledge system by providing a comprehensive theoretical framework toward an understanding of how urban expansion interacts with the quality of economic growth. Furthermore, their decoupling types and spatial differences that are critical for the urban sustainable development have been identified, thus providing several important insights for both academics and urban policy makers.

scholarly journals Economic Development and the World Bank

2019 ◽  
Vol 8 (5) ◽  
pp. 156
Author(s):  
M. Rodwan Abouharb ◽  
Erick Duchesne
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Developing Economies ◽  
Bank Lending ◽  
Future Research ◽  
Program Participation ◽  
Short Term ◽  
Research Stream ◽  
Economic Growth Rates ◽  
Extended Exposure

We contribute to the research stream examining the effects of World Bank lending programs on economic growth in developing economies. We contend that it is important to distinguish between the short-term effects and extended exposure of countries to these lending programs and also to assess the Bank’s (late 1990s) reforms to improve the effectiveness of these programs in recipient countries to assess whether program lending has any positive impacts on economic growth. Our comparative cross-national findings using instrumental variables analysis to control for endogeneity between program participation and economic growth demonstrate that both the short-term and longer exposure to program lending worsens economic growth. We find no evidence that World Bank reforms improved economic growth rates in the post-reform (1999–2009) period. Our findings are robust to changes in model specifications and estimation techniques. Future research should examine whether these reforms had beneficial impacts in other societal areas affected by program lending.

Bureaucracy Meets the Environment: Elite Perceptions in Six Chinese Cities

2007 ◽  
Vol 189 ◽  
pp. 100-121 ◽  
Author(s):  
Yanqi Tong
Keyword(s):  
Economic Growth ◽  
Environmental Protection ◽  
Policy Preferences ◽  
Government Officials ◽  
Policy Makers ◽  
Chinese Cities ◽  
Specific Policy ◽  
Development Level ◽  
Environmental Protection Policies ◽  
The Cost

A survey of local government officials and enterprise managers in six Chinese cities demonstrates relatively high environmental awareness. However, this awareness remains primarily an abstraction and does not always shape specific policy preferences. This article shows that the development-driven model works well overall, indicating the reluctance of policy makers to implement environmental protection policies at the cost of sacrificing the rate of economic growth. The pollution-driven model applies only to more developed areas, in which elites in more polluted cities are more concerned about environmental protection than those in less polluted cities. A non-linear model that takes into account the interaction between pollution and development works the best in explaining elites' policy preferences. It suggests that pollution becomes a significant factor affecting policy preferences only when a certain development level is reached.

scholarly journals Impact of Land Input on Economic Growth at Different Stages of Development in Chinese Cities and Regions

2018 ◽  
Vol 10 (8) ◽  
pp. 2847 ◽  
Author(s):  
Wanfu Jin ◽  
Chunshan Zhou ◽  
Lijia Luo
Keyword(s):  
Economic Growth ◽  
Industrial Structure ◽  
Econometric Model ◽  
Regional Economic Growth ◽  
Labor Input ◽  
Stages Of Development ◽  
Land Use Patterns ◽  
Chinese Cities ◽  
Use Patterns ◽  
The Impact

Regional industrial structure and land use patterns differ between the different stages of development, and the impact of land input on economic growth may vary. On the basis of land supply data obtained from http://www.landchina.com/ for 2010–2015, this study used an econometric model to explore the impact of land input on the economic growth of Chinese cities and regions at the different stages of development. Empirical results show that the development of 352 cities and regions in China in 2015 can be divided into five stages; namely, primary production stage (PPS), primary industrialization stage (PIS), middle industrialization stage (MIS), later industrialization stage (LIS), and developed stage (DS). The economic growth of cities and regions at the LIS or DS was significantly dependent on capital and labor input rather than land input. The land input of cities and regions at PPS, PIS, and MIS significantly promoted economic growth. This article enriches the study of regional economic growth and is beneficial to further understanding of the impact of land input on the economic growth of China.

scholarly journals The carbon emissions of Chinese cities

2012 ◽  
Vol 12 (14) ◽  
pp. 6197-6206 ◽  
Author(s):  
H. Wang ◽  
R. Zhang ◽  
M. Liu ◽  
J. Bi
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
National Policy ◽  
Emission Inventories ◽  
Chinese Cities ◽  
Industrial Energy ◽  
Per Capita ◽  
Policy Priority

Abstract. As increasing urbanization has become a national policy priority for economic growth in China, cities have become important players in efforts to reduce carbon emissions. However, their efforts have been hampered by the lack of specific and comparable carbon emission inventories. Comprehensive carbon emission inventories for twelve Chinese cities, which present both a relatively current snapshot and also show how emissions have changed over the past several years, were developed using a bottom-up approach. Carbon emissions in most Chinese cities rose along with economic growth from 2004 to 2008. Yet per capita carbon emissions varied between the highest and lowest emitting cities by a factor of nearly 7. Average contributions of sectors to per capita emissions for all Chinese cities were 65.1% for industrial energy consumption, 10.1% for industrial processes, 10.4% for transportation, 7.7% for household energy consumption, 4.2% for commercial energy consumption and 2.5% for waste processing. However, these shares are characterized by considerable variability due to city-specific factors. The levels of per capita carbon emissions in China's cities were higher than we anticipated before comparing them with the average of ten cities in other parts of the world. This is mainly due to the major contribution of the industry sector in Chinese cities.

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