A Study on the Shandong Utilized Industrial Solid Waste Based on VAR Model

Abstract

This study is aiming at analysing the relationship among the utilized fixed industrial solid waste, GDP growth and the R&D expenditure in Shandong. The results show that Shandong GDP growth will have a positive influence upon utilized fixed industrial solid waste and Shandong enterprises’ R&D expenditure growth will have positive influences too. Granger Causality tests indicate that Shandong's utilized industrial solid waste helped push the GDP development and Shandong enterprises R&D expenditure also helped push the Shandong GDP development. We can also see that government policies concerning encouraging the enterprises investment in R&D are also good for the sustainable development.