Research into the impact mechanism of geological exploration investment based on ARMA model

By using the time series data of 2001~2012，this paper test the causality between mineral exploration investment and mining industry production value，and establish the ARMA model of geological exploration investment.The results shows that for the total investment and non-oil solid mineral exploration，mineral production is one-way Granger cause of investment in exploration；there is no Granger causality between oil and gas resources exploration investment and mineral production；in terms of the non-oil solid mineral，the exploration investment of the first two years have different influence on to the current.