Based on the data collected from 1990 to 2005, this paper explores the short-term and long-term relationship between Henan's Export Pattern and economic growth by applying co-integration analysis, Granger causality test, as well as ECM. The conclusion is: There is a long-term equilibrium relationship between Henan's economic growth, primary products export and manufactured goods export; each of those three variables does Granger cause the others respectively;And in the short run, both the second-lag-phase primary products export of Henan and the fourth-lag-phase manufactured goods export of Henan give rise to the short-term fluctuation of Henan's economic growth.
Although blockchain has drawn significant attention since its introduction in 2008, determinants of its adoption remain largely unknown. Relying on the Resource-Based View (hereafter, RBV) of the firm as a theoretical guide, we investigate whether a firm's business strategy affects its decision on blockchain adoption. We split firms into prospectors (risk takers) and defenders (interested in cost stability) consistent with the business strategy framework to determine if the former group is more likely to adopt blockchain.Using a sample of 208 firms from 2015 to 2019, we find that prospectors are more likely to adopt blockchain than defenders. Results suggest blockchain brings more net benefits to prospectors than to defenders. The results support RBV and business strategy theories and are robust to the consistency test, factor analysis, and placebo test. The findings imply that the alignment between business strategy and technology characteristics motivates firms to adopt specific technology.
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