Revealed Comparative Advantage Analysis Based on VEC models in Chinese Capital-technology-intensive Industry

DOI

10.2991/icadme-16.2016.54How to use a DOI?

Keywords

Chinese Capital-technology-intensive Products, Revealed Comparative Advantage, GDP per capita and households deposits, Vector Error Correction models.

Abstract

We investigate the relationships among revealed comparative advantages of Capital-technology-intensive industry, GDP per capita and households deposits in China. With the non-stationary sequences of global Capital-technology-intensive products' exports, we constructed the vector error correction model with serial correlation, and found that revealed comparative advantage, GDP per capita and annual increase of RMB savings deposits of Chinese residents are not stable series, while after second difference to three series, they were stable series. The revealed comparative advantage index are from 0.37 to 0.78, and revealed comparative advantage index, GDP per capita and annual RMB increase are with cointegrated. The result has showed that it will make non-equilibrium state back to equilibrium by coefficient of 0.24 in long-term.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jiping Wang
PY  - 2017/07
DA  - 2017/07
TI  - Revealed Comparative Advantage Analysis Based on VEC models in Chinese Capital-technology-intensive Industry
BT  - Proceedings of the 2016 6th International Conference on Advanced Design and Manufacturing Engineering (ICADME 2017)
PB  - Atlantis Press
SP  - 340
EP  - 345
SN  - 2352-5401
UR  - https://doi.org/10.2991/icadme-16.2016.54
DO  - 10.2991/icadme-16.2016.54
ID  - Wang2017/07
ER  -