The contribution of Gansu Province industrial development and technical investment to economic growth
TU Yu-chun
Abstract
TU Yu-chun
Abstract
From the perspective of the industrial structure,this paper useS cointegration test and Granger causality test to analyze the industrial structure and economic growth of a long-term equilibrium relationship of Gansu province from 1978 to 2005.The results show that the secondary industry contributes relatively more to economic growth.Flexibility is around 0.5 in economic growth.Flexibility of the economic growth of the first and tertiary industries is relatively low and the impact of technological progress on economic growth is weak.
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From the perspective of the industrial structure,this paper useS cointegration test and Granger causality test to analyze the industrial structure and economic growth of a long-term equilibrium relationship of Gansu province from 1978 to 2005.The results show that the secondary industry contributes relatively more to economic growth.Flexibility is around 0.5 in economic growth.Flexibility of the economic growth of the first and tertiary industries is relatively low and the impact of technological progress on economic growth is weak.
Key concepts: Cointegration, Granger causality, Economics, Flexibility (engineering), Investment (military), Secondary sector of the economy, Econometrics, Economy