Service Industry Development and Financial Support in Northeast China Based on Co-Integration Analysis

Author

Song, Guoyu

Author_Institution

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

fYear

2009

fDate

20-22 Sept. 2009

Firstpage

1

Lastpage

4

Abstract

Based on the data of 1978-2007, the relationship between service industry development and financial support in 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 service industry development in northeast China, which is helpful to the economy development and decision-making of the government.

Keywords

causality; decision making; decision theory; econometrics; economic indicators; public finance; service industries; statistical testing; co-integration analysis; economy development; empirical analysis; financial support; government decision-making; long-term dynamic equilibrium interrelation; northeast China; one-way Granger causality test; service industry development; Business; Decision making; Dynamic equilibrium; Educational institutions; Finance; Financial management; Forward contracts; Industrial economics; Industrial relations; Testing;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science, 2009. MASS '09. International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-4638-4

Electronic_ISBN

978-1-4244-4639-1

Type

conf

DOI

10.1109/ICMSS.2009.5304319

Filename

5304319