DocumentCode
537421
Title
Empirical Study on the Relation between Direct Financing and Economical Development
Author
Tian, Yuehong
Author_Institution
Sch. of Econ. & Manage., Henan Polytech. Univ., Jiaozuo, China
fYear
2010
fDate
7-9 Nov. 2010
Firstpage
1
Lastpage
3
Abstract
Empirical Study on the relation between direct financing in the capital market and economical development in China was carried out with co-integration test and error correction model based on the annual data from 1981 to 2009. The results indicated that there is long/short run and stationary positive relation between direct financing and gross domestic product (GDP). It´s found that direct financing promoted Chinese economical development through Granger causality test, but it´s incorrect in reverse.
Keywords
causality; economic indicators; Chinese economical development; Granger causality test; capital market; cointegration test; direct financing; economical development; error correction model; gross domestic product; stationary positive relation; Analytical models; Biological system modeling; Economic indicators; Equations; Error correction; Mathematical model; Time series analysis;
fLanguage
English
Publisher
ieee
Conference_Titel
E-Product E-Service and E-Entertainment (ICEEE), 2010 International Conference on
Conference_Location
Henan
Print_ISBN
978-1-4244-7159-1
Type
conf
DOI
10.1109/ICEEE.2010.5661453
Filename
5661453
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