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Foreign direct investment is playing an increasingly important role in economic growth of Shandong Province. Using econometric methods of Co-integration and Granger causality test, this paper makes an empirical analysis on the short-term and long-term relationship between foreign direct investment and economic growth of ShanDong province during the period 1984–2009. The results suggest: there exists...
Civil aviation transportation industry is an important department of social economy, and plays an important role in the development of economy. The relationship of the development of civil aviation and economic growth has become research focus in research and industry field. This paper is based on the cointegration theory in econometrics, through establishing the long-run equilibrium equation and...
The paper has made an empirical study of the relationship between the prices of soybeans, soybean meal and corns in DCE and the stock price of New Hope Group, the representative of listed agricultural companies in feed industry, by such econometric methods as ADF unit root test, extended E-G test and Granger causality test, etc., and presented relevant conclusion as well as suggestions. The study...
With China's rapid economic development, the oil as a strategic resource has become increasingly important. As a source of industry, the volatility of oil price affects the interests of many downstream industries, so studying of the effects of volatility of oil price on the cost and profit of related industries is particularly important. This paper studies the Granger causality of the domestic oil...
In this paper, the author uses Cointegration theory, Granger causality test reseach on relationship between the actual value of foreign investment in Wuhan and regional technological innovation capability, and found that: (1) In the long run, Wuhan actual use of foreign investment and technological innovation in the region between the region have a greater positive correlation; (2) Granger causality...
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...
At present, financial problems of land in the local government are increasingly prominent. Although it to some extent alleviates the financial pressure of local government, it implies rent-seeking, distribution of income, increased financial risk and other issues. There are many reasons to cause land finance. Among them, the local fiscal imbalances, fiscal deficits continuing to increase is an important...
Electricity plays an important role in people's daily life, so electricity price adjustment is a sensitive topic. In this paper cointegration theory is used to analyze the quantitative relationship between Consumer Price Index and electricity price. At first, literature overview is taken for the relationship between Consumer Price Index and electricity price. Secondly, the basic principles of co-integration...
This paper investigates the long-term relationship between stock market development and economic development in China. Although there were evidences that they are interacting, some argued stock market development spurred the economy growth and some didn't find this link. In this paper, a cointegration and causal test are used to study relationship on them in China. The data set are divided into three...
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...
According to the absolute income hypotheses of J. M. Keynes, it constructed the consumption model of Chinese urban households by using the statistical data from 1990 to 2007, and studied the long-term equilibrium as well as short-term fluctuations between per capita annual living expenditure and annual per capita disposable income of urban households in China. The result of Granger causality test...
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...
This paper uses cointegration theory and Vector Error Correction model which are based on VAR model and combines Granger Causality Test to conduct an empirical study on the wealth effect of Chinese stock market and real estate market during the period from the first quarter of 1996 to the second quarter of 2006. The research results show: the wealth effect of Chinese stock market is relatively feeble...
The causal relationship of 3-month copper futures price in Shanghai Futures Exchange (SHFE) and London Metal Exchange (LME) is examined in this paper by cointegration test and Granger causality test. The results show that as the biggest metal futures exchange in the world, future price of copper in LME is the Granger causality of that of copper in SHFE for a long time. However, there is dual causality...
At present, inward FDI plays an important role in China's economic development, and also has exerted powerful influence on employment. An empirical analysis of Inward FDI's effect on China's employment in the time period of 1984 to 2004 is reported in this paper, utilizing co-integration, error correct model (ECM) and Granger causality tests. The result shows that inward FDI has a positive and statistically...
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