The relationship between industrial structure optimization and financial support based on Co-integration analysis

Author

Song Guo-yu

Author_Institution

Coll. of Manage., Harbin Univ. of Commerce, Harbin, China

fYear

2009

fDate

14-16 Sept. 2009

Firstpage

1038

Lastpage

1043

Abstract

Based on the data of 1978-2007, the relationship between financial support and the industrial structure optimization in the northeast China is discussed by Co-integration analysis and Granger Causality Test. We can conclude from the results of the empirical analysis that there exists long-term dynamic equilibrium interrelation, and that there is one-way Granger Causality between the two, namely financial support is indispensable to the industrial structure optimization in northeast China, which is helpful to the economy development and decision-making of the government.

Keywords

causality; decision making; financial management; industrial economics; China; Granger causality test; cointegration analysis; decision-making; economy development; financial support; industrial structure optimization; Conference management; Dynamic equilibrium; Economic indicators; Engineering management; Finance; Financial management; Finite impulse response filter; Industrial relations; Stock markets; Testing; Granger causality test; co-integration analysis; financial support; industrial structure optimization; long-term dynamic equilibrium;

fLanguage

English

Publisher

ieee

Conference_Titel

Management Science and Engineering, 2009. ICMSE 2009. International Conference on

Conference_Location

Moscow

Print_ISBN

978-1-4244-3970-6

Electronic_ISBN

978-1-4244-3971-3

Type

conf

DOI

10.1109/ICMSE.2009.5318198

Filename

5318198