Correlation analysis and causality test between Ludong-Huanghai block and South Japan

In this paper, we make a comparative analysis and correlation test for the seismic activities in the South Japan and the Ludong-Huanghai block （a secondary tectonic unit in the North China） and approach the relationship between the energy release processes of these two areas by using co-integration analysis and Granger causality test for the time series of random variables. The results show that the seismic activities in these two areas are correlative and synchronous to a certain extent, and their release series of cumulative strain energy are contemporaneously correlative. Both energy series are first-order difference stationary processes and there is secular and steady co-integration between them. We make a positive analysis on the first-order difference energy series through Granger causality test based on vector error correction （VEC） model and find there is unilateral Granger causality and prominent co-integration between the two energy release processes.

Time Series Analysis of Energy Intensity, Value Added Tax and Corporate Income Tax: A Case Study of the Non-Ferrous Metal Industry, Jiangxi Province, China

Unprecedented industrialization and urbanization have led to China’s poor energy efficiency. In response, the Chinese government has set goals to reduce energy consumption that may include implementing new tax policies. In this paper, we investigate the relationship between energy intensity, an indicator that measures the efficiency of energy consumption, and two sources of government revenue in China (i.e., value-added tax (VAT) and corporate income tax). As a case study, we developed a Granger co-integration model to analyze the dynamic relationship of energy intensity, VAT and corporate income tax in the non-ferrous metal industry, Jiangxi Province, China, between 1996 and 2010. Augmented Dickey-Fuller tests were used to validate the model. In our time series analyses, we found when controlling for corporate income tax, a one log unit increase of VAT resulted in a decrease of 1.17 log units of energy intensity. However, when controlling for VAT, a one log unit increase of corporate income tax resulted in an increase of 0.34 log units of energy intensity. Understanding the relationship between energy intensity and taxation in industries that consume high volumes of energy can greatly enhance China’s goal to reduce energy consumption. We believe our findings add to this on-going discussion.

Relationship between the price of green tea and black tea of the world’s major tea countries

Black tea and green tea are the most important tea in the world.In this paper we analyze the relationship of the world green price and black tea price.The results show that:in the world tea markets,the world black tea price and the world green tea price have no co-integration,independent of the curve segmentation.In the major green tea countries,there are co-integration relationships between China and Japan,China and Brazil,Japan and Brazil,while Vietnam has a first-order stationary sequence.In the major black tea countries,Sri Lanka and India have no co-integration,Sri Lanka and Indonesia no co-integration,India and Indonesia no co-integration,Sri Lanka and Kenya have co-integration,India and Kenya have co-integration,Kenya and Indonesia have co-integration.

Research on Prediction of the Scale of OTC Drug Market in China Based on Quantitative Analysis

Objective To analyze the scale of domestic OTC drug market and its influencing factors,so as to predict its future market and provide a scientific basis for pharmaceutical enterprises to grasp the opportunities in the market.Methods The scale of OTC drug market from 1999 to 2018 in China and its influencing factors were analyzed by unit root test,Granger causality test and co-integration test.Results and Conclusion From the perspective of the global pharmaceutical market,OTC drug market has broad prospects and great development potential.Since the influence of GDP and the number of elderly populations on the scale of OTC drug market is positive,the predicted growth rate of OTC market in the next three years is 5.82%,5.86%and 5.90%,respectively.

Research on the Relationship between Cooperation Innovation Expenditure and Economic Output of China’s Pharmaceutical Industry

Objective To empirically analyze the relationship between cooperation innovation expenditure and economic output of China’s pharmaceutical industry,and provide a reference for improving its economic benefits and the capability of cooperation innovation in the future.Methods The relevant data of China’s pharmaceutical industry from 2000 to 2016 was selected as a sample.Based on the co-integration theory,an error correction model was established to conduct Granger test of causality to study the relationship between cooperation innovation expenditure and economic output of China’s pharmaceutical industry.Results and Conclusion The cooperation innovation expenditure of China’s pharmaceutical industry has a significant positive impact on economic output.If cooperation innovation expenditure increases 1%,its economic output will go up by 1.7%.At the same time,the long-term promotion effect of cooperation innovation expenditure on economic output is more significant than the short-term effect.

Energy Consumption and Economic Growth Nexus in Bangladesh

The empirical investigation that examines the dynamics including the interaction between consumption of energy and economic progress has long been assessed.However,the interaction of these two in developing countries in general and Bangladesh,in particular,is a less explored subject.Hence,with this notion,this study examined the causal relationship among economic growth and energy consumption in Bangladesh.For this purpose,the study used energy consumption,gross domestic product(GDP),labor force,and capital data from 1981 to 2017 from different sources and data is analyzed by augmented Dickey-Fuller(ADF)unit root test,Johansen co-integration test and Granger test of causality.Results determine that energy consumption and economic growth have long term bi-directional relationship.The econometric model is estimated using generalized least squares(GLS)model.It is concluded that,consumption of energy and economic growth positively correlated and economic development highly depend on energy consumption in Bangladesh.