Research on the Relationship between Chengdu Real Estate Investment and Regional Economic Development Based on Cointegration Model and Vector Error Correction Model

Author(s):  
Xiong Zhang ◽  
Sheng Zhu
2017 ◽  
Vol 12 (6) ◽  
pp. 182
Author(s):  
Zhao Xiaoge ◽  
Zhong Shihu

As a unique form of China's transition economy, the impact of administrative monopoly on economic development can not be ignored. Analyzing the data from 1990 to 2015, this paper investigates the relationship between administrative monopoly and economic development based on Vector Error Correction Model (VEC)model. The results show that there is a long - term equilibrium relationship between administrative monopoly and economic development. In the long run, the administrative monopoly has obvious obstructive effect on economic development. The hardest part, as well as the emphasis in China's economic reform will be how to separate the government from state-owned enterprises and eliminate administrative monopoly.


Author(s):  
Hayder Abbas Drebee

The study aims to determine the effect of the cultivated area and the purchase price on the production of rice in the province of Al-Qadissiya - Iraq for the period (1990-2014). Johansen and Juseliusmethod is used to test the co-integration between the variables. Vector Error Correction Model (VECM) is employed to determine the direction of the causality between production and priceof rice, as well as between the production of rice and the  area cultivated in the short and long run. The analysis of the results shows that there is a co-integration among the variables, and the direction of the relationship is a directional move from cultivated area to production of rice, and from price to production of rice in the short and long run. The study recommends to expand the cultivated area along with maintaining the farm and not to converted to other crops, in addition of determining the purchase price of the crop at the beginning of the agricultural season to ensure a good income for farmers in order to motivate them to increase production.


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