The dynamic relationship of environmental regulation intension and construction industry development

摘要

This paper takes the methods of panel cointegration test model and panel ECM to study the relationship between environmental regulation intension and construction industry development. By analyzing the panel data of 31 provinces in China from 2003 to 2010, the results show that (a) in the whole country, the dynamic effect of environmental regulation intension on construction industry development is significant positive in a long run. But it is significant negative in a short term. As for the effect of construction industry development on environmental regulation intension, it is positive in a long term and negative in a short term. (b) in the long run, the dynamic effect of environmental regulation intension on construction industry development is larger in high regulation regions than in low regulation regions. In the short term, the dynamic effect of environmental regulation intension on construction industry development is significant in high regulation regions, but it is not significant in low regulation regions. (c) The dynamic effect of construction industry development on environment regulation is significant from a long run, but it is not significant from a short term both in high regulation regions and in low regulation regions.