Abstract
In order to test the impacts of the green industry transformation on the economic development, the article analyzes the relationship between the green food industry development and quality of economic growth, based on the Granger causality test and variance decomposition, using the data from 1996 to 2010 in China. The results show that: in the long run, the relationships between domestic sales, exports and real outputs of the green food industry and the quality of economic growth are stably positive correlation. In the causal relationship term, the relationship between domestic sales, exports and the quality of economic growth shows a positive one-way causal relationship; the relationship between real outputs and the quality of economic growth shows a slight two-way causal relationship. Through variance decomposition analyzing, the results suggest that the promotion effects of domestic sales, exports and real outputs of the green food industry on the quality of economic growth exist a certain differences. In the end, the results are deeply analyzed and discussed.
Highlights
AND LITERATURE REVIEWSSince the early 1990s, China officially puts forward the development of green food as people’s consumption consciousness and market expanded gradually
We employ E-G two-step to test the co-integration relationships between QGDP and domestic sales (NXSE), QGDP and exports (NCKE), QGDP and real outputs (SWZL) of green food industry, respectively
Through co-integration test on QGDP and NXSE, QGDP and NCKE, QGDP and SWZL two by two, we find that there exists co-integration relationships between them
Summary
Since the early 1990s, China officially puts forward the development of green food as people’s consumption consciousness and market expanded gradually. Throughout the existing research we can understand roughly, green food industry, as it ensures food safety (Yao, 1998), maintains the non-reduction of eco-capital stocks (Yan et al, 2009), speeds up the transition of economic development (Liu et al, 2004), enhances the international competitiveness of agricultural products and optimizes the structure of agricultural production (Wang et al, 2007, 2009a), has a positively stimulative effects on the improvement of the quality of economic growth. (2006), Song and Liu (2008) and Han (2010), this study Co-integration test: The results of ADF unit root test select domestic sales (NXSE), exports (NCKE) and real shows that the time series variables are second order.
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