摘要
By using the VAR model,we find that there exists no obvious Granger causality between investment and real GDP in China’s economy.We also find that there is instantaneous causality between them.The Granger causality has the asymmetry in the business cycle.During the period of fluctuations,investment does Granger cause the real output in the aggregate level.During the period of recession,they do Granger cause each other in their stochastic components.
By using the VAR model,we find that there exists no obvious Granger causality between investment and real GDP in China's economy.We also find that there is instantaneous causality between them.The Granger causality has the asymmetry in the business cycle.During the period of fluctuations,investment does Granger cause the real output in the aggregate level.During the period of recession,they do Granger cause each other in their stochastic components.
出处
《统计研究》
CSSCI
北大核心
2002年第1期26-29,共4页
Statistical Research
基金
国家自然科学基金项目 ( 7990 0 0 2 5 )
社会科学基金项目 (OOCJY0 0 3)
教育部人文社会科学重点研究基地重大课题项目 ( 2 0 00ZDXM790 0 0 9)资助
