Threshold Effect of Financial System on High-Quality Economic Development

<table class="table-group" id="tab2"><tr><td><table class="table"><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr class="thead"><td class="align_left">Construction of financial system index</td><td class="align_center">Subindex</td></tr><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr><td class="align_left">Macroeconomy</td><td class="align_center">Economic growth rate</td></tr><tr><td class="align_left" colspan="2"><hr/></td></tr><tr><td class="align_left" rowspan="2">Macrofinancial institutions and markets</td><td class="align_center">Financial deficit/GDP</td></tr><tr><td class="align_center">Total amount of credit/GDP</td></tr><tr><td class="align_left" colspan="2"><hr/></td></tr><tr><td class="align_left" rowspan="3">Microfinancial institutions and markets</td><td class="align_center">Loan balance/deposit balance</td></tr><tr><td class="align_center">Real estate value/GDP</td></tr><tr><td class="align_center">Nonperforming ratio</td></tr><tr class="table-tr"><td colspan="2"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Construction of financial system indexes.</div>

Journal of Mathematics

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Table 2

Table 2: Threshold Effect of Financial System on High-Quality Economic Development 