Data/hora: 07/06/2024 04:33:36

Provedor de dados: | 31
País: | United States
Título: | Cointegration Analysis on the Relation between Urbanization and Economic Growth in China
Autores: | Liu,   Ai-ying; Yao,   Li-fen; Li,   Qing-chen.
Data: | 2011-08-20
Ano: | 2011
Palavras-chave: | Economic growth; Urbanization; Cointegration test; Error correction model; China; Agribusiness.
Resumo: | This paper utilizes cointegration theory, error correcting model and Granger causality testing theory to make an empirical research on the relation between urbanization and GDP in China, and also implements a comparative analysis to the relation between three industries and degree of urbanization, the related coeffecient is 0.97, 0.95, 0.97, 0.97. And the result shows a long-term balance between these two factors, and the promoting effect to tertiary industry by urbanization is more obvious. Urbanization and economic growth are the long-term balanced relations. In the long-term balance, every 1% increment of urbanization can make 4.82% increment of GDP; In short-term balance, if the balance depart from the long-term balance at the i-th term, the model will take automatic reversal adjustment with -0.06 adjusting strength at the (i+1)th term, to make it move to the long-term balance. The economic growth onto urbanization is one-way causality relationship, the primary and secondary industry onto urbanization is also one-way causality relationship. However, the tertiary industry onto urbanization is both-way causality relationship.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/113441
Relação: | Asian Agricultural Research&gt; Volume 03, Issue 03, March 2011
Formato: | 4