Stålkonsumtion och ekonomisk utveckling i Kina: En ekometrisk analys
Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
It has long been known that steel consumption has a significant impact on the development of societies. A growth in steel consumption is often considered as an indicator of economic development. The purpose of this thesis is to examine how China's steel consumption is related to the rapid economic growth, and in which direction the Granger-causality is running. The study covers the period between 1970 and 2011. The time series analysis consists of three different econometric tests. The results show that both time series are non-stationary and integrated of order one. The analysis of cointegration between these time series indicates that steel consumption and economic development in China has a long-term equilibrium relationship. This study finds unidirectional Granger-causality running from economic development to steel consumption, which means that it is the rapid economic development in China that drives steel consumption. On the other hand, the growth in steel consumption has no significant effect on China's economic development.
Place, publisher, year, edition, pages
2013. , 49 p.
Social Behaviour Law
Samhälls-, beteendevetenskap, juridik, Kina, stålkonsumtion, ekonomisk utveckling, stationaritet, enhetsrot, kointegration, Granger-kausalitet
IdentifiersURN: urn:nbn:se:ltu:diva-53762Local ID: ac3eb1c0-5956-4159-bf8f-df76c35345a6OAI: oai:DiVA.org:ltu-53762DiVA: diva2:1027138
Subject / course
Student thesis, at least 30 credits
Business and Economics, master's level
Validerat; 20130625 (global_studentproject_submitter)2016-10-042016-10-04Bibliographically approved