论文作者：1.Chunhui Huo（Asia-Australia Business College, Faculty of Economics, Liaoning University, China）

2.Javaria Hameed（Asia-Australia Business College, Faculty of Economics, Liaoning University, China ;Department of Logistics and Operations Management, HEC Montreal, Canada）

3.Gadah Albasher（Department of Zoology, College of Science, King Saud University, Riyadh, Saudi Arabia）

4.Ming Pang（Asia-Australia Business College, Faculty of Economics, Liaoning University, China）

期刊名：《RESOURCES POLICY》

发表时间：2023年6月

文章摘要：Developing economies are opening up to trade & fnancial expansion, which may impact the economic evolution. This research adds in literature by investigating the connection between fnancial development, institutional quality, natural resources, and their impact on China’s economic performance (1977–2021). The Johansen cointegration technique examines the long-run cointegratingrelationship among variables.The vector error correction model captures the longrun and short-run co-effcients. The results reveal that high population expansion lowers growth but natural resource quality and institutional quality have the opposite effects. The results of the study show that the nexus between gross fxed capital formation & fnancial development do not stimulate growth, but rather institutional qualitymoderates effect of natural resource rent on fnance. In short, this study provides anovel hypothesis for policymakers to evaluate the signifcance of institutions in developing realistic estimates and policy inputs and support a robust role forinstitutional quality and natural resource exploration for rapid growth

关键词：Institutional quality；Natural resources；Financial development；Growth；VECM；Chinese economic recovery