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Abstract
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Article Information:
Quantitative Analysis of Financial Support and Social Credit System Impact on Food Processing Enterprise
Li Zhou and Qing-Yi Chen
Corresponding Author: Qing-Yi Chen
Submitted: August 19, 2014
Accepted: September 13, 2014
Published: September 10, 2014 |
Abstract:
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With China's reform and opening up and the establishment of socialist market economic system, the financial industry plays an increasingly important role in the national economy, which has become the core of modern economy. In this study, we make an empirical test to analyze how the financial system will effect on the food processing enterprise. The result shows that the financial development increased one percentage can drive the output value of food processing enterprise increased by 0.942 percentages, so the effect of financial system to food processing enterprise is obvious. From Johnson co-integration test, the result shows that there exist at least one direct co-integration relationship between financial system and food processing enterprise, which means that there exist a long-term equilibrium relationship between financial development and food processing enterprise.
Key words: Financial ecology, food processing enterprise, granger causality, vector auto regression model, , ,
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Cite this Reference:
Li Zhou and Qing-Yi Chen, . Quantitative Analysis of Financial Support and Social Credit System Impact on Food Processing Enterprise. Advance Journal of Food Science and Technology, (9): 1095-1099.
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ISSN (Online): 2042-4876
ISSN (Print): 2042-4868 |
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