ECONOMETRIC ANALYSIS OF THE RELATIONSHIP BETWEEN CHINA'S INDUSTRIAL DEVELOPMENT AND SELECTED FACTORS
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss3-pp672-688Abstract
This article focuses on analyzing the growth of China's industry during the period from 1992 to 2023 and calculating its forecast for the next 5 years. The aim of the article is to examine the short-term and long-term relationships between China's industrial development and the economic indicators of the selected factors. A quantitative method was applied in the study. To analyze the industry that characterizes economic development and the macroeconomic factors influencing this indicator, econometric time series models were used, including OLS (Ordinary Least Squares) and VAR.
Keywords:
economic development World Bank methodology industry OLS model VAR model Dickey-Fuller test Breusch-Pagan test Shapiro-Wilk test Breusch-Godfrey autocorrelation test Granger causality testReferences
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