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Problems Existed in Applications of Cointegration Theory in China

Problems Existed in Applications of Cointegration Theory in China
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摘要 Although the Cointegration Theory was founded by the C.W.J Granger and other economists in the 1980s, it was not widely used in China until C.W.J Granger was awarded with Nobel Prize in 2003. Since then, a lot of economic papers introducing or applying Cointegration Theory have emerged, but the phenomenon of misuse of this theory possibly arose at the same time. Based on some of these papers obtained from web site (www.cnki.net), this paper explores the applications of Cointegration Theory in China and draws some initial conclusions. Most of these applications are reasonable, but some of them are a bit blindfold or even contradictory in conclusions, which indicates that the overall application quality has a large room to get improved and should be paid more attention by academe.
作者 WANG Rui-ze
机构地区 School of Economics
出处 《Chinese Business Review》 2007年第2期43-46,共4页 中国经济评论(英文版)
关键词 COINTEGRATION non-stationary time series unit root testing 中国 应用软件 共合体 财政
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