Re-organize Essential Mineral Resources and Build Distinctive Molybdenum Base in China
Econometries found evidence for the nonstationarity of the economic variables would cause the spurious regression in the estimation of regression model.In the empirical analysis on the Ferro-molybdenum markets in China and USA from Feb 1998 to Jan 2007,our study shows the price-data make two nonstationary time series,and the vibration in the former market is more obvious than that in the latter market.But two markets have a long equilibrium and steady relationship,and the Granger test has made it clear that the affection on Chinas Ferro-molybdenum market with the change of Ferro-molybdenums price in USA is more significant than otherwise.However,when we take the comparative analysis in Sino-European Markets and Sino -Rotterdam Markets,the same goes.So it is imperative to reorganize advantageous resources and build up distinctive molybdenum bases in China.
Distinctive Molybdenum Base Nonstationarity Co-integration test Granger causality test
FANG Lan
School of Resources and Safety Engineering,Central South University,Changsha,410083,Hunan,China
国际会议
Interantional Conference on Idustry Cluster Development and Management(2008产业基地建设与管理国际研讨会)
常州
英文
586-589
2008-06-27（万方平台首次上网日期，不代表论文的发表时间）