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
Related Articles
- EP ID EP412895
- DOI 10.26480/icemi.01.2017.196.197
- Views 73
- Downloads 0
RESEARCH ON CUSTOMER EXPERIENCE MANAGEMENT AND ITS IMPLEMENTATION FRAMEWORK
Customer Experience Management (CEM) is a new theory about customer relationship after customer satisfaction theory, aiming to provide personalized experience to customers, promote customer satisfaction level and bring p...
COAL MINES AS A BARRIER TO THE DEVELOPMENT OF RENEWABLE ENERGY SOURCES – BY THE EXAMPLE OF POLAND
The article presents an analysis of mining restructuring programs in the possession of the state to check their effectiveness and their impact on changes in the energy sector. The state policy towards the Polish hard coa...
ANALYSIS OF THE UNIFORM LEGISLATION OF COMMERCIAL REGISTRATION UNDER THE BACKGROUND OF COMPILATION OF THE “CIVIL CODE”
Based on the reform of the commercial registration system and the compilation of the Civil Code and the promulgation of the “General Principles of Civil Law”, this paper discusses the necessity and feasibility of the uni...
INVESTORS’ IRRATIONAL BEHAVIORS, STOCK-PRICE FLUCTUATION AND ENTERPRISE INEFFICIENT INVESTMENT
Based on Chinese A-share companies as research samples, the effect of investors’ irrational behaviors on enterprise inefficient investment was studied in this paper. Results show that investors’ overconfidence and their...
CAN INCREASE OF THE RURAL LABOR FORCE PRICE PROMOTE SUSTAINABLE UTILIZATION OF CULTIVATED LAND? — BASED ON PANEL DATA ANALYSIS OF THE COUNTY IN HUBEI PROVINCE
Chinese agricultural is the small-scale peasant economy.The rising rural labor prices affects farmer production decisions which inevitably affect the cultivated land utilization. To take Hubei Province as a sample region...