ISSN 1000-0526
CN 11-2282/P
CN 11-2282/P
Study of the Impact of Temperature Variation on the Nanjing Main Industries Based on Cointegration Theory
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Abstract:
It is important to evaluate the meteorological influences to industries in the m eteorological economic filed. Cointegration theory was used to research the im pact of temperature variation on the main industries in Nanjing. First, it was p roved that there was a cointegration relationship between temperature and indu stries′ production value. Then, on the basis of cointegration regression equation and error correction mode (ECM), the longterm and shortt erm impacts of temperature variation were investigated quantitatively. At last, the result of Granger test emphasized our outcomes. It shows that the temperatur e variation really could affect the main industries′ economic s: when temperature rose, the industries′ production values would increase in the longterm, but some industries would decline in the shortterm. So, coi ntegration theory is a reasonable way to evaluate industries′ meteorological se nsitivities.
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