In order to investigate the existence of a stable long-run equilibrium relationship between economic growth and consumption in China, the relationship between the gross domestic product （GDP） and consumption in Chin...In order to investigate the existence of a stable long-run equilibrium relationship between economic growth and consumption in China, the relationship between the gross domestic product （GDP） and consumption in China was investigated by the cointegration analysis method. Using the Engle-Granger （EG） test and considering the possibility of structural changes, the impact of external economic shocks on the long-run equilibrium relationship between economic growth and consumption in China was analyzed. Analysis results show that without considering structural changes, the EG test cannot detect cointegration in the series subjected to structural changes; in considering structural changes, cointegration is successfully detected by specifying the dummy variable. In addition, the error correction models were constructed in different periods. This study verifies the existence of a long-run equilibrium relationship between economic growth and consumption in China, and this relationship has significantly changed in 1989 and 1997, respectively.展开更多
This article makes a quantitative study on economic performance of arable land protection and land use regulation with dummy variable model.It is shown that land use regulation is favorable for economic growth and pro...This article makes a quantitative study on economic performance of arable land protection and land use regulation with dummy variable model.It is shown that land use regulation is favorable for economic growth and protection of arable land and that there are still some problems in the implementation of land use regulation.Thus,it puts forward corresponding suggestion.展开更多
文摘In order to investigate the existence of a stable long-run equilibrium relationship between economic growth and consumption in China, the relationship between the gross domestic product （GDP） and consumption in China was investigated by the cointegration analysis method. Using the Engle-Granger （EG） test and considering the possibility of structural changes, the impact of external economic shocks on the long-run equilibrium relationship between economic growth and consumption in China was analyzed. Analysis results show that without considering structural changes, the EG test cannot detect cointegration in the series subjected to structural changes; in considering structural changes, cointegration is successfully detected by specifying the dummy variable. In addition, the error correction models were constructed in different periods. This study verifies the existence of a long-run equilibrium relationship between economic growth and consumption in China, and this relationship has significantly changed in 1989 and 1997, respectively.
基金an achievement of the NSFC(National Natural Science Foundation Project)"Welfare Changes of Different Interest Groups and the Equilibrium of Their Welfare in the Process of Rural-urban Land Conversion" (Grant no. 70773047)Wuhan Social Science Foundation Project "Study on Quality Protection and Compensation Mechanism of Cropland Based on Construction Two Style Society in Wuhan Metropolitan Area" (Grant no. 09035)
文摘This article makes a quantitative study on economic performance of arable land protection and land use regulation with dummy variable model.It is shown that land use regulation is favorable for economic growth and protection of arable land and that there are still some problems in the implementation of land use regulation.Thus,it puts forward corresponding suggestion.
