A Co-integration Analysis on the Relationship between R&D Input and Economic Growth:A Case of Qingdao
Using co-integration technique, this paper analyses empirically the relationship between R&D input and economic growth in Qingdao over the period of 1994-2005. It contains the stationarity test, Granger Causality test and co-integrating test between the logarithms of GDP and R&D. The results show that the variables are all integration I (1), and there exists the stationary linear cointegrating relationships and different Granger causality between the time series of R&D input and GDP with different lag length. The long-and short-run relationships are described by the long-run equilibrium equation and the ECM respectively.On the bases of the analyses, at last, some suggestions are put forward for Qingdao to enhance its innovation abilities contributing to economy continuable development.
GDP and R&D Input Co-integration Error Correction Model Qingdao
LIAO Xianling AN Guangkun HE Jing
China University of Mining and Technology (Beijing) Beijing, China Economy & management institute Shandong University of Science & Technology
国际会议
The Fifth InternationalSymposium on Management of Technology(ISMOT07)(第五届技术与创新管理国际研讨会)
杭州
英文
1614-1617
2007-06-01（万方平台首次上网日期，不代表论文的发表时间）