The Analysis of China’s GDP and the Expenditure for the Basic Endowment Insurance Based on Theory of Granger CausalityReport as inadecuate




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Using a single, co-integration testing techniques related to time series of variables, according to the data of China Statistical Yearbook2009, the paper draws the conclusion that the time series data of GDP and the expenditure for the basic endowment insurance are the non-stationary time series, I2 integration, and I1 ,2 co-integration distribution. After the empirical analysis, we deduce a conclusion that the expenditure for the basic endowment insurance can produce significant effect on GDP’s growth, vice versa, but there exists the different lags. At last, the paper probes into the reason.

KEYWORDS

Expenditure for the basic endowment insurance, time series, co-integration analysis

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Author: Hongyan Li, Yuewen Li

Source: http://www.scirp.org/



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