Three-industry-structure analysis based on the VAR and VEC model: exemplary test of economic data of Hangzhou city from 1978 to 2008
首发时间:2010-12-24
摘要:Through past literature reviews, the article points out the deficit and the limitation of traditional statistic approaches.Considering these problems and characteristic of those econometrics analyses, it puts forward the application of conbination of vector auto regression (VAR) and vector error correction (VEC) to the analysis of three industries,and explains its advantages in the econometrics analysis, and introduces its theory, then shows its modeling steps through exemplification. Through the data analysis of three industries of Hangzhou city from 1978 to 2008 using the method, it comes to conclusion that the analysis is in accordance with its facts, so it reflects the method is constructive and can be used in the practice.
关键词: industrial industries; vector auto regression; vector error correction; exemplary test
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Three-industry-structure analysis based on the VAR and VEC model: exemplary test of economic data of Hangzhou city from 1978 to 2008
Abstract:Through past literature reviews, the article points out the deficit and the limitation of traditional statistic approaches.Considering these problems and characteristic of those econometrics analyses, it puts forward the application of conbination of vector auto regression (VAR) and vector error correction (VEC) to the analysis of three industries,and explains its advantages in the econometrics analysis, and introduces its theory, then shows its modeling steps through exemplification. Through the data analysis of three industries of Hangzhou city from 1978 to 2008 using the method, it comes to conclusion that the analysis is in accordance with its facts, so it reflects the method is constructive and can be used in the practice.
Keywords: industrial industries vector auto regression vector error correction exemplary test
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