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Balance of payments is one of the main economic goals for an open economy. This paper uses the unit root test, co-integration test and VAR model to make an empirical analysis on the relationship between China's current account, capital account and GDP from 1982 to 2009. The results showed that the co-integration relationship between the current account and GDP, GDP does Granger cause current account...
The paper uses correlation analysis, unit-root test, co-integration test and Granger-causality test to analyze the stock market co-movement among China mainland, Hongkong and America from November 15, 2002 to December 31, 2008. In conclusion, there is a stock market co-movement relationship among China mainland, Hongkong and America after China government implemented QFII mechanism in November 15,...
The level of Changzhou' s agglomeration of industry is estimated. The status of Changzhou's innovation environment is evaluated. The dynamic relations between the level of agglomeration of industry and innovation environment in Changzhou are analyzed based on the unit root test, the cointegration test, the causal test and the variance decomposition technology. The result shows that there are consanguineous...
This paper conducts an empirical analysis to examine the degree of market integration in the PJM electricity market as a way to evaluate the transmission open access and market efficiency. PJM electricity market was established in 1997. However, from May 2004 to May 2005, the market was expanded greatly. The impact of the market expansion on the degree of market integration is studied. The test results...
Based on econometrics principles of the cointegration test and the error correction model, this research develops an innovative approach to quantitatively examine the ripple effect of house prices between Chinese big cities. Eight main capital citiespsila house price indices (1998-2007) are selected and calculated using unit root test, Engle-Granger test and error correction model. The empirical results...
An annual runoff forecasting method is presented based on unit root test, cointegration test and error correction model of the upper and lower reaches of the Second Songhua River. The method of cointegration analysis is applied to the annual runoff data of the Baishan and Fengman hydrology Stations; then the error correction model is set up, which can predict the annual runoff of Fengman hydrology...
It is well known that in the reality, sequential data more likely exhibit a non-stationary time series or a seasonal non-stationary time series than the stationary one. Therefore, a hypothesis is needed for testing those properties in the time series. Various tests are available in the literature; however in this study unit root test of Dickey fuller, augmented Dickey fuller and seasonal Dickey fuller...
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