An Empirical Research on the Relationship between the Income of China's Monopoly Sectors and Economic Growth

摘要

Based on the panel data from 1990 to 2008, this paper explores the long relationship between the income of China's monopoly sectors and economic growth through the methods of panel co-integration, Engle-Granger test and error correction model. From the empirical research we can obtain the results in the following: there is a long and stable panel co-integration relationship between China's economic growth and the income of China's monopoly sectors such as the energy sector and the transportation sector; the income of energy monopoly sectors has positive impact on China's economic growth while the income of transportation monopoly sectors has little impact on China's economic growth; the results also show that there is no long-term stable panel co-integration relationship between the income of China's monopoly sectors and China's economic growth.