The Analysis of Correlation of China and International Steel Market
By cointegration analysis, we find that the prices of Chinese steel and iron ore have long-term stable relation with international prices. Granger test shows that the prices of steel and iron ore are not reinforce each other, there is only one way of China on global prices of causality. Thorough VAR model, the Chinese domestic steel market fluctuations are mainly effected by the prices of early steel and it also shows that the main cause of iron ore price fluctuations in China is on a domestic iron ore price volatility.
steel iron ore cointegration Granger test VAR model
Hui Peng Yue Tian
College of Economy and Management Shenyang Ligong University Shenyang, China College of foreign languages Shenyang Ligong University Shenyang, China
国际会议
哈尔滨
英文
4443-4445
2011-08-12（万方平台首次上网日期，不代表论文的发表时间）