Cointegration Test and Granger Causality Test on Credit Lending and Industrial Development-Based on the Empirical Study of Linyi, Shandong Province

被引:0
|
作者
Guan Renrong [1 ]
Zhang Wensong [1 ]
Zhao Fanglei [2 ]
机构
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing 100044, Peoples R China
[2] China Banking Regulatory Commiss, Linyi Branch, Jinan 276000, Shandong, Peoples R China
关键词
Credit lending; Industrial development; Cointegration analysis; Relationship test; Empirical study;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
Based on related data with Linyi of Shandong province from 1978 to 2012, the paper analyzed relationship between credit lending and industrial added value via cointegration test and Granger causality test. According to the empirical study, a long-term stable equilibrium relationship exists between the two factors. With the acknowledgment that credit lending has promoted secondary and tertiary industrial development directly, while is less effective in supporting primary industry, the paper offered relative policy proposals.
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页码:546 / 551
页数:6
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