Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=53649#.VM8ggCzQrzE] Author(s) Kang Sun , Long Bai , Xiaohong Li Affiliation(s) Center for Studies of Marine Economy and Sustainable Development, Liaoning Normal University, Dalian, China . ABSTRACT This paper adopts the accident incidence, the gross industry output value, the investment in safety facilities, and per capita wage of employment as the indexes to empirically analyze the investment performance of chemical safety facilities using time series data by VECM in China. The empirical results indicate that for China’s chemical industry, increasing investment fails to improve the short-term safety level significantly because of the offsetting behavior of workers. Over the long term, the offsetting behavior tends to disappear, and the chemical accident incidence can be decreased through increasing investment. Poor safety awareness among wor...
Scientific Research Publishing