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

Yan Xu; Lili Yu

doi:doi:10.11648/j.ijefm.20150305.41

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

Yan Xu, Lili Yu

Published in International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 5)

Received: 20 November 2015 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.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 5)
DOI	10.11648/j.ijefm.20150305.41
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), 2015. Published by Science Publishing Group

Keywords

VAR Model, Co-integration Theory, Interactive Development

References

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[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.
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[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.
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[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.
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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://article.sciencepublishinggroup.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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TY  - JOUR
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
DO  - 10.11648/j.ijefm.20150305.41
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
EP  - 649
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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Author Information

Yan Xu

School of Economics, Shanghai University, Shanghai, China
Lili Yu

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://article.sciencepublishinggroup.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}
}

Copy | Download

TY  - JOUR
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
DO  - 10.11648/j.ijefm.20150305.41
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
EP  - 649
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  -

Copy | Download