Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 50 , 01 December 2023
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Access | Article
Empirical Understanding of Chinese Markets Financialization
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Abstract
This research study delves into the impact of financialization on China's economy, focusing on three potential crowding-off effects resulting from the country's growing financial sector. Firstly, the study examines the "Financial Resource Diversion" effect, investigating whether the financial sector's expansion has overshadowed China's real economy. Secondly, the research explores the impact on households. It is based on the theory that the financialization of the market could have external effects on household real wages. The emergence of China's middle class may lead workers to rely more on transferring their labor to financial assets. Employing empirical analysis, the article examines the relationship between household financialization and labor income to analyze the potential trade-offs between financialization and real labor income. The study then discusses the potential impact of capital accumulation resulting from over-financialization in China. It investigates the relationship between the financial sector and the overall economic trends in the country. The primary objective of this study is to highlight the problematic nature of financialization.
Keywords
China, financialization, time-series analysis
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-147-6
- ISBN (Online)
- 978-1-83558-148-3
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/50/20230560
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited