A TIME SERIES ANALYSIS ON THE RELATIONSHIP BETWEEN GROSS FIXED CAPITAL, LABOR FORCE AND ECONOMIC GROWTH IN CHINA
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 1
Abstract
from year 2000 to 2015, China’s GDP growth rate has rapidly increased and specifically it has reached the level at 11.4%. This paper is to test the relationship between gross fixed capital (constant: USD), labor force and economic growth and the potential economic policies will be suggested in corresponding to the results. The method of data analysis will be using the ADF unit-root test and finally the Granger causality test will be applied to test the correlation both in long term and short term. Causality is examined between gross fixed capital, labor force and gross domestic product. Therefore, the results reveal that there has long-run causality deriving from labor force or gross fixed capital to economic growth. In the short-run, there is no causality between labor force and economic growth.
Authors and Affiliations
Pu Ruihui, Guo Jing
Keywords
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- EP ID EP412895
- DOI 10.26480/icemi.01.2017.196.197
- Views 90
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