Narayan, Paresh Kumar; Smyth, Russell - In: The International Journal of Applied Economics 1 (2004) 1, pp. 24-45
This article employs cointegration and error-correction modelling to test the causal relationship between real income, exports and human capital stock using data for China over the period 1960 to 1999. We find that real exports, human capital and real income are cointegrated when real exports is...