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Chicken or egg: financial development and economic growth in China, 1992-2004

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Figure

Figure 1 Time series
Figure 1 shows that three of the four series show a clear seasonal pattern. There are  conflicting views about whether seasonally adjusted or unadjusted data should be  used in this type of causality analysis
Table 2  Chi-squared statistics for lag exclusion tests (p-values between [])
Table 4 Cointegrating vectors
+4

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