期刊論文
| 學年 | 92 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2004-06-01 |
| 作品名稱 | A note on testing the causal link between construction activity and economic growth in Taiwan |
| 作品名稱（其他語言） | |
| 著者 | 聶建中; Nieh, Chien-chung; Chang, Tsang-yao |
| 單位 | 淡江大學財務金融學系 |
| 出版者 | Elsevier |
| 著錄名稱、卷期、頁數 | Journal of asian economics 15(3), pp.591-598 |
| 摘要 | In this note, using a four-variable VAR model, we empirically test the causal link between construction activity and economic growth in Taiwan over the 1979Q1–1999Q4 period. The cointegration results of Johansen [J. Econ. Dyn. Contr. 12 (1988) 231] and Johansen and Juselius [Oxford Bull. Econ. Stat. 52 (1990) 169] indicate that there exists a cointegrating vector among four variables—namely, real GDP, real investment in construction activity, real government expenditures, and real private consumption expenditures. Here, the results from Granger-causality tests based on corresponding vector error-correction models (ECM) clearly point to unidirectional causality running from construction activity to economic growth. This, the major finding of this study, has important implications with respect to developing economic policy regarding the role of construction activity in Taiwan over the test period. |
| 關鍵字 | Construction activity;Economic growth;Cointegration;Granger causality |
| 語言 | en |
| ISSN | 1049-0078 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | NLD |
| 公開徵稿 | |
| 出版型式 | ,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/23735 ) |