中国养老金投入与经济增长关系的协整性分析

Co-integration Analysis between Pension Input and Economic Growth of China

基于中国的宏观经济数据,通过协整检验、误差修正模型和Granger因果关系检验,对经济增长和养老金投入的关系进行了实证研究。实证结果表明,养老金投入与经济增长存在长期的协整关系,经济增长是养老金投入的Granger原因,但养老金投入不是经济增长的Granger原因。

Based on China＇s macro-economic data,through the co-integration test,error correction model and Granger causality test,an empirical study is made about the relationship between economic growth and pension input.The empirical results show that there is a long-term co-integration relationship between pension input and economic growth.Economic growth is Granger reason for pension input,but pension input is not the Granger cause of economic growth.