2011•Unpublished venueRequires access

The long term interactive relationship analysis of influence factor of economic growth in Liaoning province Based on VAR model

Chengjun Ji, Jinping Li, Hongxia Zhao

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Abstract

By employing generalized impulse response function and variance decomposition, which are based on VAR method, this paper aims at investigating the dynamic interactions among economic growth, exporting, investment and consuming by using Liaoning time series data indicators during 1979-2009. The empirical results suggest that the growth of the investment, consuming and exporting may impetus the GDP growth, in turn, the growth of GDP can also impetus the growth of the investment, consuming and exporting. This paper measures their mutual relationships dynamically by VAR model and impulse response method in econometrics, obtain the conclusion which is in line with the practical situation of Liaoning.

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What this paper is about

By employing generalized impulse response function and variance decomposition, which are based on VAR method, this paper aims at investigating the dynamic interactions among economic growth, exporting, investment and consuming by using Liaoning time series data indicators during 1979-2009. The empirical results suggest that the growth of the investment, consuming and exporting may impetus the GDP growth, in turn, the growth of GDP can also impetus the growth of the investment, consuming and exporting. This paper measures their mutual relationships dynamically by VAR model and impulse response method in econometrics, obtain the conclusion which is in line with the practical situation of Liaoning.

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Available abstract

By employing generalized impulse response function and variance decomposition, which are based on VAR method, this paper aims at investigating the dynamic interactions among economic growth, exporting, investment and consuming by using Liaoning time series data indicators during 1979-2009. The empirical results suggest that the growth of the investment, consuming and exporting may impetus the GDP growth, in turn, the growth of GDP can also impetus the growth of the investment, consuming and exporting. This paper measures their mutual relationships dynamically by VAR model and impulse response method in econometrics, obtain the conclusion which is in line with the practical situation of Liaoning.

Key concepts: Variance decomposition of forecast errors, Impulse response, Vector autoregression, Econometrics, Investment (military), Economics, Time series, Dynamic factor

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