Research on the Influencing Factors of the Development of Producer Services in Shaanxi Province

ZHENG Yaoqun, YU Quanming

Abstract: According to the data from the year of 1994 to 2014 about the development of producer services of Shaanxi province, and the development status and characteristics of producer services in Shaanxi province, this paper analyzes the factors that influence the development of producer services in terms of supply capital investment and labor input. This paper uses ADF test, Johansen co-integration test, VAR model and granger causality test, to analyze the impact of capital investment and labor input on producer services, and finds that there is a long-term stable balance relationship between producer services and capital investment and labor input. Capital input and labor input contribute to producer services. Whether in the long run or short term, capital investment plays a role in promoting the development of producer services, while in the short term, labor input hinder the development of producer services.

Keywords: Producer Services, VAR Model, Co-integration Test, Granger Causality Test Producer Services, VAR Model, Co-integration Test, Granger Causality Test

How to Cite?: ZHENG Yaoqun, YU Quanming, "Research on the Influencing Factors of the Development of Producer Services in Shaanxi Province", Volume 6 Issue 7, July 2017, International Journal of Science and Research (IJSR), Pages: 1029-1033, https://www.ijsr.net/getabstract.php?paperid=10071701, DOI: https://dx.doi.org/10.21275/10071701