Study on the Interactive Development Between Venture Capital and China's Information Industry
We select the Information industry and the total amount of venture capital,during 1998 and 2011 in our country,to analyze their interactive relationship in the way of co-integration analysis and vector error correction model in this paper. The results show that: there is a long-term equilibrium relationship between them; In the long-term and the short-term,the venture capital is the significant Granger cause of Information industry,that's the venture capital promotes the development of information industry; but not vice versa,the development of information industry does not contribute significantly to the development of venture capital. The empirical evidence does not support the coordinated development relationship between them.