NDLI: Cointegration Analysis on the Relationship Between China's Highway Transportation Industry and National Economic Development

Content Provider	IEEE Xplore Digital Library
Author	Weidong Li
Copyright Year	2009
Description	Author affiliation: School of Economics & Management, Beijing, Jiaotong University, 100044 China (Weidong Li)
Abstract	Highway transportation industry plays an important role in national economic development. In this paper cointegration theory is used to analyze the quantitative relationship between China's highway transportation industry and national economic development. At first, literature overview is taken for the relationship between highway transportation industry and national economic development. Secondly, the basic principles of co-integration theory and Granger Causality Test are introduced, including the stability test, cointegration tests and Granger Causality Test. Then, the index system is constructed. Highway cargo and passenger transport turnover are selected to reflect the development of highway transportation industry. GDP is used to reflect the basic situation of national economic development. Then explorative analysis is taken. The results show that there is a long-term balance relationship between China's highway transport and national economic growth. At last, some suggestions for the development of China's highway transportation industry are proposed.
Starting Page	284
Ending Page	287
File Size	861057
Page Count	4
File Format	PDF
ISBN	9781424435401
DOI	10.1109/SOLI.2009.5203945
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2009-07-22
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Road transportation Costs Industrial economics Industrial relations Stability Economic indicators Investments Production Error correction Testing
Content Type	Text
Resource Type	Article

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