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This paper discusses how various kinds of major economic factors affect China's tax growth. We apply the panel unit root testing, panel co integration testing and panel-based error correction models to analyze the long-term stable relationship among tax growth, GDP growth, optimization of industrial structure and import for 30 provinces during 1994-2008 periods. The empirical results show that in...
In order to examine the relationship between economic growth and energy consumption for Hebei province which consumed about 9% of the total energy consumed in China. Firstly, we made a cointegration analysis on the relationship between primary energy consumption and economic growth for Hebei province of China based on the corresponding data from 1993 to 2007. The results indicates that there was a...
Empirical Study on the relation between direct financing in the capital market and economical development in China was carried out with co-integration test and error correction model based on the annual data from 1981 to 2009. The results indicated that there is long/short run and stationary positive relation between direct financing and gross domestic product (GDP). It's found that direct financing...
This paper analyzes the impact of the development of e-commerce on China's economic growth from an empirical perspective. By using co integration, error correction model and Granger causality test on the two time-series in econometric way with the e-commerce transactions and GDP data from 1998 to 2005, it shows the amount of e-commerce transactions promotes economic development and there are long-term...
With the rapid development of economy of China over the years, the demand for energy has increased greatly. To meet the demand of economy for energy, it is of vital importance to analyze the energy market, to research into its inherent nature, and formulate workable energy policy. This paper focuses on relationship between the energy demand structure in China and economy growth, researching on the...
This paper, based on Shandong's quarterly time-series data from the first quarter of 2002 to the second quarter of 2008 and applying methods of co-integration test, error correction model (ECM), Granger causality test, impulse response function, variance decomposition etc., makes an empirical analysis of the relationship between real estate investment and Shandong's gross domestic product (GDP). It...
The role of intra-industry trade in the contemporary international trade is becoming increasingly prominent. This paper focused on relations between intra-industry trade in Chinese manufacturing and Chinese economic growth. The main methodologies used were Cointegration Regression, Error Correction Model, Granger Causality Test and Variance Decomposition. Through empirical analysis, we found that...
In open economy, development of foreign trade greatly impacts GDP growth. Adapting modern metering methods like roots of unity, panel co-integration analysis and error correction model for researching the causalities between foreign trade including total foreign trade, total export and total import as well as GDP growth of southwest minority of China. The result suggests that there exist long time...
By collecting the data on China's tax revenue and GDP since 1978, using the methods of time series and econometrics to measure and analyze the tax elasticity as well as setting up an error correction model, the authors find out that during 1978-1994 China's long-term tax elasticity is 0.4, less than its short-term elasticity of 1.84; since 1995, China's tax elasticity has changed dramatically with...
Empirical analysis about the determinants of health care expenditure (HCE) in China has been brought forward based on the co-integration and error correction model. The economy growth, population aging, government finance to hospital and urbanization level are all the long-term and steady-going factors which raised health care expenditure (HCE) in China. However, as indicated by the empirical analysis,...
In this document, we differentiate the long-term impact and the short-term substitution effects of electronic currency by dividing money assets into three levels. We then do empirical analysis on the related seasonal data in China by unit root test, co-integration test and error correction model. The result shows that substitution effects of electronic currency will decrease in the short-term and...
In order to research the econometric model of the relationship between foreign trade and economic growth in China, it made an empirical study according to the sample with the corresponding data from 1990 to 2007 in China. The results of Granger causality test showed that foreign trade had Granger causality with economic growth. The results of unit root test showed that the time series were stable...
Taking M2, the broad money supply, as the index of the level of liquidity and M2/GDP as the index of the surplus of liquidity, the paper examines systematically the long-term and dynamic relationship among the price, the level of liquidity and the surplus of liquidity. The results suggest that it is the surplus of liquidity instead of the level of liquidity that influences the fuel oil future. The...
The level of liquidity is a very important factor concerning the smooth operation of the futures market. The paper has taken M2, the broad money supply, as the index of the level of liquidity, and used the data of natural rubber futures, examined the long-term and dynamic relationship between the trading volume of rubber futures and the broad money supply. The result shows that the long-run equilibrium...
In order to discuss the relationship between service industry and economic growth in China, it makes a cointegration test according to the corresponding data from 1990 to 2006 in China. The results show that there is a long-term stable equilibrium relationship between service industry and economic growth. If the service industry increases by 1 percent, the economic will increase by 0.98 percent. With...
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