International Journal of Economics, Finance and Management Sciences

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An Empirical Research on the Relationship Between Financial Service Trade and Financial Industry of Shanghai

Received: 20 November 2015    Accepted:     Published: 20 November 2015
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Abstract

Based on VAR model, the paper studies the relationship between financial service trade and financial industry of Shanghai through Co-integration theory. The results confirm that the equilibrium relationship between financial service trade and financial industry of Shanghai actually exists in the long term, and the relationship between import in financial service trade and financial industry is more significant. Under the condition of two phases lag, financial industry is the one-way Granger cause of financial service trade of Shanghai. Besides, the mechanism of interactive development is also been analyzed.

DOI 10.11648/j.ijefm.20150305.41
Published in International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 5, October 2015)
Page(s) 646-649
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

VAR Model, Co-integration Theory, Interactive Development

References
[1] S. L. Wang and Z. B. Hu, An Empirical Study on the Joint Development between Service Trade and Service Economy: 1985-2006. Journal of International Trade, vol. 4, pp. 53-60.
[2] Y. Z. Wang and J. Z. Wang, Interactive Relation between Services Trade and Development of the Service Industry in China-An Empirical Analysis Based on the 3D VAR model. Systems Engineering, vol. 30, pp. 16-21.
[3] C. H. Pei and Z. Y. Yang, The Analysis on Comparison Between Growth of Service Trade and Service Sector Since 2000. Finance & Trade Economics, vol. 11, pp. 5-13.
[4] B. Q. Tang, J. J. Yang and Z. H, Chen, Research Overview on the Impact of Trade in Services to China’s Economic Growth. Economic Perspectives, vol. 11, pp. 135-138.
[5] M. Z. Yu, The Empirical Analysis on the International Trade in Service Promoting Zhejiang's Economic Growth. Economic Issues, vol. 7, pp. 55-58.
[6] Z. Q. Wu, Z. Wang and C. J. Zhang, An Empirical Study on Relationship between China's International Service Trade and Economic Growth-Analysis Based on VAR Model. Macroeconomics, vol. 4, pp. 72-78.
[7] S. Y. Jiang, Empirical Analysis on the Influencing Mechanism of Service Trade and Economic Growth in China. Journal of International Trade, vol. 3, pp. 71-78.
[8] B. Q. Tang, F. H. Huang and J. J. Yang, Service Export, Intellectual Property Rights Protection and Economic Growth. China Economic Quarterly, vol. 11, pp. 155-180.
[9] J. Pan, International Trade in Service and China’s Economic Growth: an Empirical Analysis and Some Suggestions. Contemporary Finance & Economics, vol. 4, pp. 95-99.
[10] B. Cao and L. B. Liao, Service Trade Structure and Economic Growth. World Economy Study, vol. 1, pp. 46-51.
[11] X. Dai, Technological Level of Export in Service and Economic Development. Nankai Economic Studies, vol. 3, pp. 57-68.
[12] X. Yao and G. Li, Research on Relationship between Service Trade Liberalization and Economic Growth: Base on Empirical Analysis of Absorptive Capacity Perspective, vol. 7, pp. 68-74.
[13] B. Q. Li, A Study on the Mechanism of Coupling Coordinated Development Between Service Trade and Service Industry in China. Journal of Guizhou Normal University(Social Science), vol. 164, pp. 88-94.
[14] J. Y. Cao, Another Discussion on the Relations of Trade in Service and Economic Growth in China. Journal of Foreign Economic and Trade University, vol. 4, pp. 62-66.
[15] Q. Q. Xiong and Y. G. Zhang, The Contribution of Service Trade to Economic Growth: An Empirical Study based on China’s Data from 1982 to 2006. World Economy Study, vol. 177, pp. 3-7.
Author Information
  • School of Economics, Shanghai University, Shanghai, China

  • School of Economics, Shanghai University, Shanghai, China

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  • APA Style

    Yan Xu, Lili Yu. (2015). An Empirical Research on the Relationship Between Financial Service Trade and Financial Industry of Shanghai. International Journal of Economics, Finance and Management Sciences, 3(5), 646-649. https://doi.org/10.11648/j.ijefm.20150305.41

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    ACS Style

    Yan Xu; Lili Yu. An Empirical Research on the Relationship Between Financial Service Trade and Financial Industry of Shanghai. Int. J. Econ. Finance Manag. Sci. 2015, 3(5), 646-649. doi: 10.11648/j.ijefm.20150305.41

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    AMA Style

    Yan Xu, Lili Yu. An Empirical Research on the Relationship Between Financial Service Trade and Financial Industry of Shanghai. Int J Econ Finance Manag Sci. 2015;3(5):646-649. doi: 10.11648/j.ijefm.20150305.41

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  • @article{10.11648/j.ijefm.20150305.41,
      author = {Yan Xu and Lili Yu},
      title = {An Empirical Research on the Relationship Between Financial Service Trade and Financial Industry of Shanghai},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {3},
      number = {5},
      pages = {646-649},
      doi = {10.11648/j.ijefm.20150305.41},
      url = {https://doi.org/10.11648/j.ijefm.20150305.41},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijefm.20150305.41},
      abstract = {Based on VAR model, the paper studies the relationship between financial service trade and financial industry of Shanghai through Co-integration theory. The results confirm that the equilibrium relationship between financial service trade and financial industry of Shanghai actually exists in the long term, and the relationship between import in financial service trade and financial industry is more significant. Under the condition of two phases lag, financial industry is the one-way Granger cause of financial service trade of Shanghai. Besides, the mechanism of interactive development is also been analyzed.},
     year = {2015}
    }
    

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    T1  - An Empirical Research on the Relationship Between Financial Service Trade and Financial Industry of Shanghai
    AU  - Yan Xu
    AU  - Lili Yu
    Y1  - 2015/11/20
    PY  - 2015
    N1  - https://doi.org/10.11648/j.ijefm.20150305.41
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    T2  - International Journal of Economics, Finance and Management Sciences
    JF  - International Journal of Economics, Finance and Management Sciences
    JO  - International Journal of Economics, Finance and Management Sciences
    SP  - 646
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    PB  - Science Publishing Group
    SN  - 2326-9561
    UR  - https://doi.org/10.11648/j.ijefm.20150305.41
    AB  - Based on VAR model, the paper studies the relationship between financial service trade and financial industry of Shanghai through Co-integration theory. The results confirm that the equilibrium relationship between financial service trade and financial industry of Shanghai actually exists in the long term, and the relationship between import in financial service trade and financial industry is more significant. Under the condition of two phases lag, financial industry is the one-way Granger cause of financial service trade of Shanghai. Besides, the mechanism of interactive development is also been analyzed.
    VL  - 3
    IS  - 5
    ER  - 

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