A panel cointegration analysis to expenditure for S&T and economic growth in the minority area

Author

Wang haifeng ; Zhao Ying

Author_Institution

Sch. of Econ. & Manage., Inner Mongolia Univ. of Sci. & Technol., Baotou, China

fYear

2011

fDate

8-10 Aug. 2011

Firstpage

1833

Lastpage

1836

Abstract

Based on Inner Mongolia Autonomous Region, this paper analyzes the long-run and short-run influence of expenditure for S&T on economic growth in the minority area. In the process of analysis, the methods of panel unit root test and panel co-integration together with the error correction model (ECM) are used. The results show that expenditure for S&T promoted the economic growth in the minority area. However, there was a time-lag effect, and the effect in the long run was more significant than that in the short run.

Keywords

economics; public finance; ECM; Inner Mongolia Autonomous Region; S&T; economic growth; error correction model; expenditure; long-run influence; minority area; panel cointegration analysis; panel unit root test; short-run influence; time-lag effect; Analytical models; Data models; Economic indicators; Electronic countermeasures; Error correction; Time series analysis; economic growth; expenditure for science and technology (S&T); minority area; panel cointegration;

fLanguage

English

Publisher

ieee

Conference_Titel

Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on

Conference_Location

Deng Leng

Print_ISBN

978-1-4577-0535-9

Type

conf

DOI

10.1109/AIMSEC.2011.6010881

Filename

6010881