Title :
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
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;
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
DOI :
10.1109/AIMSEC.2011.6010881
