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Title: Agriculture and the operation of the capital market in China
Author: Liu, Xiaoli
ISNI:       0000 0004 2690 602X
Awarding Body: University of Aberdeen
Current Institution: University of Aberdeen
Date of Award: 2009
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This thesis considers China’s rural financial system and its impact on rural economy.  It explores three specific aspects, i.e. the relationship between agricultural growth and finance; agricultural banking efficiency and financial reforms; and the impact of lack of access to credit on production. The results of the general finance-growth relationship over 1992 to 2003 indicate no evidence of a positive relationship between state finance and agricultural or overall growth, although, perhaps as a result of the reforms, this negative impact seemed to disappear when the later sub-period was considered.  The results also suggest that the impact of the lagged state credit variable on growth is positive.  There is also weak evidence that agriculture growth was less negatively affected by state lending than in the economy overall.  There is also some indication that the changes which occurred after the 1993 financial reform were less in agriculture than for the wider economy. Examination on the performance of the Agricultural Bank of China (ABC) over the period 1979 to 1992 and 2002 to 2005 show that ABCs’ performance fluctuated over years.  However, the overall comparison between the beginning and end of the period indicates an improvement in banking performance in the long-term.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Agriculture ; Economic development ; Capital market