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2009•Journal of Nanyang Institute of TechnologyRequires access

STUDY ON DYNAMIC RELATION MECHANISM OF THE GOVERNMENT INVESTMENT IN AGRICULTURAL TECHNOLOGY AND THE AGRICULTURAL ECONOMIC GROWTH

Zhang Yu-shuang

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Abstract

Employing methods of PDL, ADF unit root test, cointegration analysis and Granger Causality test of dynamic econometrics, the dynamic relationship between the government investment in agricultural science technology and the agricultural economic growth is analyzed. The results show the agricultural economic growth in current or subsequent three years improve 0.66818% with the 1% increasing of the government investment in agricultural science technology, but this impetus can not form the long-time and stable influence on agricultural economic growth. The analysis of Granger causes shows the government investment is justly single-direction reason for the agriculture economic growth. Therefore the research results supply the powerful support for the formulation of government agriculture policy.

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What this paper is about

Employing methods of PDL, ADF unit root test, cointegration analysis and Granger Causality test of dynamic econometrics, the dynamic relationship between the government investment in agricultural science technology and the agricultural economic growth is analyzed. The results show the agricultural economic growth in current or subsequent three years improve 0.66818% with the 1% increasing of the government investment in agricultural science technology, but this impetus can not form the long-time and stable influence on agricultural economic growth. The analysis of Granger causes shows the government investment is justly single-direction reason for the agriculture economic growth. Therefore the research results supply the powerful support for the formulation of government agriculture policy.

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Available abstract

Employing methods of PDL, ADF unit root test, cointegration analysis and Granger Causality test of dynamic econometrics, the dynamic relationship between the government investment in agricultural science technology and the agricultural economic growth is analyzed. The results show the agricultural economic growth in current or subsequent three years improve 0.66818% with the 1% increasing of the government investment in agricultural science technology, but this impetus can not form the long-time and stable influence on agricultural economic growth. The analysis of Granger causes shows the government investment is justly single-direction reason for the agriculture economic growth. Therefore the research results supply the powerful support for the formulation of government agriculture policy.

Key concepts: Agriculture, Granger causality, Cointegration, Economics, Investment (military), Government (linguistics), Agricultural economics, Unit root test

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STUDY ON DYNAMIC RELATION MECHANISM OF THE GOVERNMENT INVESTMENT IN AGRICULTURAL TECHNOLOGY AND THE AGRICULTURAL ECONOMIC GROWTH — Research Paper | ScholarLens