An Application of GMM Method in the Test of Relationship between Urbanization and Circulation Economic Growth

Yue Xi Liu; Zhen Bo Zhang

doi:10.4028/www.scientific.net/AMR.712-715.3207

Paper Titles

Influence of Intellectual Capital on Technical Innovation Performance of Clustered Manufacturing Enterprises
p.3173

Simulations on the Spare Parts Inventory Management of Equipment Maintenance in Manufacturing Enterprise Based on Flexsim
p.3181

Developing Automated Production Management System for Manufacturing Green IT Products
p.3187

A Framework for Implementing Social Manufacturing System Based on Customized Community Space Configuration and Organization
p.3191

On Characteristics and Development Trend of Advanced Manufacturing Technology
p.3195

Research on the Destructive Leadership in Virtual Enterprises
p.3199

Application of PDCA-Cycle on the Management of Critical Values Reporting
p.3203

An Application of GMM Method in the Test of Relationship between Urbanization and Circulation Economic Growth
p.3207

Application of Elman Neural Network with HP Filter in the Trend Supply of Self-Provided Power Plant Forecasting in the Iron and Steel Industry
p.3211

HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 712-715An Application of GMM Method in the Test of...

An Application of GMM Method in the Test of Relationship between Urbanization and Circulation Economic Growth

Abstract:

To explore the impact of urbanization and economic growth on the development of circulation industry, this paper uses GMM method to estimate dynamic panel data model, based on panel data at provincial-level from 2001 to 2010 in China, after testing the endogeneity of urbanization and economic growth. The findings indicate that regional economic development, labor input and fixed investment has significant positive effect on output of circulation, while lagged output of circulation and level of urbanization has no significant effect on it.

You might also be interested in these eBooks

Advances in Manufacturing Science and Engineering

View Preview

Info:

Periodical:

Advanced Materials Research (Volumes 712-715)

Pages:

3207-3210

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.712-715.3207

Citation:

Cite this paper

Online since:

June 2013

Authors:

Yue Xi Liu, Zhen Bo Zhang

Keywords:

Circulation, Economic Growth, GMM Estimation, Urbanization

Export:

RIS, BibTeX

Price:

Permissions CCC:

Request Permissions

Permissions PLS:

Request Permissions

Сopyright:

Citation:

References

[1] W.Y. Lin, Trade Economics. Beijing: China Financial & Economic Publishing House, p.14–23, 1995.

Google Scholar

[2] Y.S. Jin, "Organization of Circulation Industry and Its Innovations," Journal of Nanjing Institute of Economics, No.3, p.16, 2003.

Google Scholar

[3] J.W. Li and L. Chen, "Estimations of the capital stock in information industry at provincial-level in China from 1991 to 2008," Economic Review, No. 15, p.106–109, 2011.

Google Scholar

[4] Michael R. Roberts, Toni M.Whited, Endogeneity in Empirical Corporate Finance, Simon School Working Paper No. FR 11–29, 2011.

Google Scholar