论文部分内容阅读
本文在开放经济中引入FDI变量,利用1990—2007年中国29个省区数据,使用Petroni面板单位根检验和动态面板协整分析方法检验了ELG假说命题。研究发现,中国省区是出口导向型经济增长,越是经济发达地区,出口贸易对经济增长的促进作用越大。东部FDI对地区经济增长作用显著,而中部和西部地区FDI的吸收能力有限,只能依靠国内投资来拉动经济增长。基于误差修正模型的面板因果检验结果表明,各省区GDP与出口贸易互为因果关系,东部GDP增长是由出口贸易变化引起的,而西部和中部地区的短期和长期因果关系不一致。
In this paper, FDI variables are introduced in the open economy. Using the data of 29 provinces and autonomous regions in China from 1990 to 2007, we test the ELG hypothesis using the Petroni panel unit root test and the dynamic panel cointegration analysis. The study found that China’s provinces and autonomous regions are export-oriented economic growth, the more economically developed areas, the greater the role of export trade in promoting economic growth. Eastern FDI plays a significant role in regional economic growth while FDI in central and western regions has limited absorptive capacity and can only rely on domestic investment to stimulate economic growth. The panel causality test based on the error correction model shows that the GDP of each province and export trade are causal relationship with each other. The growth of eastern GDP is caused by the change of export trade while the short-term and long-term causality of western and central regions are inconsistent.