Title :
Empirical analysis on causal relationship between institution and economic development based on VAR method
Author :
Jinyu, Yuan ; Zhixing, He
Author_Institution :
Dept. of Econ. & Manage., Shandong Foreign Trade Vocational Coll., Qingdao, China
Abstract :
Economic development level has important effect on the institution. And economic development is an adjustment process of stock variable. Thus, it is difficult to achieve desired results for the institution transplanting. Under different conditions and during different period, the relationship between the institution and economic development is different. A theoretical model on causal relationship between institution and economic development was established, based on VAR (vector auto-regression) method, and the relationship was affirmed.
Keywords :
autoregressive processes; economics; stock markets; VAR method; causal relationship; economic development; institution; stock variable adjustment process; vector autoregression method; Economics; Humans; Publishing; Institution; VAR method; cointegration Analysis; economic development;
Conference_Titel :
Intelligence and Security Informatics (ISI), 2011 IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4577-0082-8
DOI :
10.1109/ISI.2011.5984103
