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This paper investigates the long-run relationship between tax structure and economic growth and the other economic indicators via panel unit root tests and panel cointegration analysis. Panel unit root tests are carried out to determine the order of integration of panel variables. In order to find out the long-run cointegration relationship, we employ the Kao residual cointegration test. The results...
This paper empirically estimates disaggregated crime categories for Sabah from 1968 to 2006. The criminometric analysis incorporated in a within sample analysis of cointegration and error correction framework and the beyond sample analysis using the decompositions of variance. Our findings suggest that any support for the deterrence hypothesis is sensitive to the inclusion of prison or courts related...
Foreign exchange reserve is a government's international reserve assets held in foreign currency, and is an important component of economic strength of a country. However, according to economic theory and experience of other countries, foreign exchange reserve of a country is not “the more, the better”. On the basis of classical theories and previous studies, we tried to study the main economic factors...
Monetary policy and fiscal policy are two major macroeconomic regulatory approaches in the context of market economy. In this paper, we did empirical study on the effects of monetary policy and fiscal policy in stimulating China's national economy growth based on IS-LM model. In addition, we also tried to find out if there are changes in the effects of monetary policy and fiscal policy before and...
According to the statistical data from 1994 to 2009 in Hubei Province, by using co integration analysis, this paper makes an empirical analysis on the relationship between the structure of the banking sector and economic growth in Hubei Province and the study found that there is a long-term stable relationship between them. Through the Granger causality test on the data, it can be concluded that a...
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...
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...
North-east China as the nation's manufacturing base relies heavily on energy supply. Index decomposition analysis reveals that energy consumption is determined mainly by production effect, followed by intensity effect and structural effect. Data Envelopment Analysis shows that there is lack of efficiency in production mainly caused by energy waste. In specialty, energy consumption is determined by...
The thesis makes empirical research on the cointegration and causal relation between energy intensity and structure change in China. With time series data during 1980 to 2006, it is analyzed that energy intensity is the Granger reason of industry structure change. To promote the optimization and upgrade of industry structure, China should continue to reduce the proportion of coal in energy consumption,...
This paper establishes a cointegration and vector error correction model to forecast the crude oil demand in China after analyzing main factors affecting crude oil demand. The model proves that GDP, population, the share of industrial sector in GDP and the oil price are the main factors influencing crude oil demand. Especially population and the share of industrial sector make significance influences...
The introduction of Shanghai interbank offered rate (Shibor) will turn back the situation that our country has not really unified benchmark interest rate. The traditional method of unit root test and the method of unit root test under non-linear adjustment, exponential smooth transition autoregressive, have been discussed. Based on Shibor, empirical tests are made: Nonlinearities of Shibor such as...
Railway transportation industry plays an important role in national economic development. Domestic and foreign scholars have studied on the relationship between railway transportation industry and national economic development with qualitative methods and obtained some useful conclusions. But the quantitative research about the relation of railway transportation industry and national economic development...
Using an aggregate production model where capital, labor and energy are treated as separate inputs, this paper tests for the existence and direction of causality between output growth and oil consumption in China. Using the Johansen cointegration technique, the empirical findings indicate that there exists long-run cointegration among output, labor, capital and oil consumption in China. Then using...
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