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Cointegration Analysis and Causality Detection Between Private Car Consumption and Economic Growth in Beijing

WANG Shou -fa,LI Hai - shan,ZONG Gang (Beijing University of Technology,Beijing 100124,China)  
This paper uses cointegration theory and causality test theory to inspect the coordination and causality between private car consumption and economic growth in Beijing.The result indicates that there is a longterm equilibrium relationship and mutual Granger causality between them.Based on pulse response function and variance decomposition analysis,it further demonstrates that they have significantly promoted each other for a long time,and economic growth has greater contribution and more stable pulling effect on private car consumption.
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