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What is Financial System about?
This research article examines the nonlinear relationship between the financial system and high-quality economic development in China, utilizing panel data from 30 provinces between 2005 and 2018. The findings reveal an inverted U-shaped relationship, indicating optimal thresholds for the financial system and industrial structure that maximize their positive impact on economic development. The study provides policy recommendations based on these results to enhance the financial system
- Author
- Giang Nguyeenx
- Language
- EN