| Summary: | 碩士 === 國立高雄應用科技大學 === 金融資訊研究所 === 99 === The paper examines whether the developments of foreign commercial banks can lead economic growth in Taiwan. Using time series data of Taiwan, from 1995Q1to 2010Q4, to explore the relationships between the local bank’s loan, the foreign commercial bank’s loan, the development of stock market and economic growth in Taiwan. The empirical result of Johansen’s cointegration test shows the local bank’s loan and the foreign commercial bank’s loan could increase economic growth, while the developments of stock market decreases economic growth. Besides, there exists bidirectional causality between the economic growth and financial development in Taiwan. Finally, these results show the foreign commercial banks can lead economic growth.
|
|---|
