원문정보
초록
영어
With Fujian Province as object of study, panel data from 1980 to 2013 is selected in this paper. Besides, VAR model is established. Co-integration test, Granger causality, impulse response function and variance decomposition are used for quantitative analysis on correlation between real estate development, financial expenditure and economic growth in Fujian Province. The research results show that long-term stable balance among real estate development, financial expenditure and economic growth in Fujian Province. Real estate development and financial expenditure are the Granger factors driving the growth of economic growth. Financial expenditure is the Granger reason for real estate development’s development. On this basis, the author proposes some policies and recommendations for macroeconomic regulation and control in Fujian Province.
목차
1. Introduction
2. Mathematical Models
2.1. Vector Auto Regression Model
2.2. Stationary Test
2.3. Johansen Co-integration Test
2.4. Granger Causality Test
3. Empirical Analysis
3.1. Evaluation Index
3.2. Data Collection and Data Processing
3.3. ADF Unit Root Test
3.4. The Optimum Lag Order
3.5. Co-integration Test
3.6. Granger Causality Test
3.7. Vector Auto Regression Model
3.8. Impulse-response Analysis
4. Conclusions
Acknowledgements
References