Empirical Analysis on Agricultural Infrastructure Investment and Economic Growth
Qian Lu
Abstract
Qian Lu
Abstract
This paper analyses the relationship between agricultural infrastructure investment!and economic growth in China from 1985 to 2004 by using unit root test,co-integration and granger causality test.The result of the analysis shows that both of the time series have co-integration relationship and could compute the regression equation.Its main reason is that agricultural infrastoucture investmeinvestment is coordinate with economic growth for long time.Measure which enlargal the agriculture infrastructure investment should be taken so as to realize coordinated development of economical growth and infrastructure investment increase.
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This paper analyses the relationship between agricultural infrastructure investment!and economic growth in China from 1985 to 2004 by using unit root test,co-integration and granger causality test.The result of the analysis shows that both of the time series have co-integration relationship and could compute the regression equation.Its main reason is that agricultural infrastoucture investmeinvestment is coordinate with economic growth for long time.Measure which enlargal the agriculture infrastructure investment should be taken so as to realize coordinated development of economical growth and infrastructure investment increase.
Key concepts: Investment (military), Granger causality, Agriculture, China, Unit root test, Unit root, Causality (physics), Economics