The Dynamic Economic Impact of Construction Industry Output in China
This paper investigates the dynamic relationship between the development of construction industry and economy growth in China using time series from 1984 to 2009. Both two series are non-stationary, meaning there are unit root in both series and their 1st difference series are stationary. There is cointegration relationship between two series and the construction industry output is the granger reason of the GDP, the GDP is the granger reason of the construction industry output. So we can include that construction industry is an important basic sector for national economy.
construction industry development co-integration dynamic impact impulse response
Li Chang-hong
Department of Urban Planning and Architecture, Tianjin Institute of Urban Construction Tianjin 300384, China Institute of Architecture, Tianjin University Tianjin 300072, China
国际会议
太原
英文
525-527
2011-02-26(万方平台首次上网日期,不代表论文的发表时间)