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- W2390362007 abstract "The purpose of this paper is to analyze the dynamic relationships and interactions between independent innovation and forestry industry development in China.On the basis of VAR(vector auto-regression)model,co-integration test,Granger causality test,vector error correction model,impulse response function and variance decomposition are applied to empirically study the dynamic progressive relationships between independent innovation and forestry industry development from 1985 to 2007 in China.The results show that a stable long-term equilibrium relationship,as well as a short dynamic relationship,exists between independent innovation and forestry industry development.Independent innovation is Granger causality of forestry industry development in long-term,whereas the short-term Granger causality is not tenable.The response of independent innovation to the impulse of forestry industry development is strong,while the response of forestry industry development to the impulse of independent innovation is weak.At last,the empirical results were analyzed with policy suggestions presented." @default.
- W2390362007 created "2016-06-24" @default.
- W2390362007 creator A5010106280 @default.
- W2390362007 date "2011-01-01" @default.
- W2390362007 modified "2023-09-28" @default.
- W2390362007 title "Econometric Analysis of Relationships between Independent Innovation and Forestry Industry Development in China" @default.
- W2390362007 hasPublicationYear "2011" @default.
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