TITLE:
Researching the Factors of Economic Growth in the Yangtze River Delta Region—Based on the Panel Data of the City Domain
AUTHORS:
Dongjiang Xei, Haomin Zhang
KEYWORDS:
Endogenous Economic Growth Model, Fixed Effect Panel, Long-Term Equilibrium Relationship
JOURNAL NAME:
Modern Economy,
Vol.9 No.12,
December
19,
2018
ABSTRACT: Based on the data of 25 cities in the Yangtze River
Delta region of China, using the method of Lucas’ endogenous economic growth
model and establishing the fixed effect panel model, this paper makes an
empirical analysis on the relationship between the industrial structure, the
capital stock, the utilization of foreign capital, the degree of opening up,
the government function, the
infrastructure, the human capital, the development level of domestic trade and
the economic growth in the Yangtze River Delta region. The results show that
there is a significant long-term equilibrium relationship between the eight
major economic factors and economic growth, and Eight economic factors have a
different contribution to economic growth; the industrial structure is the most
significant contribution to economic growth and the utilization of foreign
capital is the most insignificant contribution to economic growth.