Shandong Information Industry and Economic Growth: An Empirical Analysis Based on Co-integration Theory

摘要

Based on the co-integration theory, the paper makes an empirical analysis on the short-term and long-term relationship between the information industry and economic growth in Shandong province, by using data from 1995 to 2009. The main steps are: the unit root test, description co-integration theory, error correction modeling, Granger causality tests and the analysis of generalized impulse response function. The results suggest: there is a co-integration between the information industry and economic growth in Shandong province; information industry has significant influence on economic growth; information industry has individual Granger causality relation to economic growth; impulse response analysis shows that there is a positive response to the interaction in a long run.