Journal of Jishou University(Natural Sciences Edition)

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Empirical Study of the Relationship Between Economic Growth and Employment in Hunan Province Based on VAR Model

LIU Jiaqi,YUAN Di,HU Liuping,OU Zujun   

  1. (1.College of Mathematics and Statistics,Jishou University,Jishou 416000,Hunan China;2.Shenzhen Graduate School,Harbin Institute of Technology,Shenzhen 518055,Guangdong China)
  • Online:2017-03-25 Published:2017-04-26

Abstract:

The paper analyses the dynamic relationship between the quantity of employment in three major industries and GDP in Hunan Province from 1952 to 2014 through VAR model.The result shows that there exists the bidirectional Granger Causality relationship between the GDP growth and the quantity of employment in Hunan Province.The development of GDP has a significant influence on the employment quantity in three major industries;and at the same time,the increase in employment quantity also promotes rapid GDP growth.

Key words: VAR model, GDP, employment growth;Granger Causality relationship

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