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The Empirical Analysis and Future Prospects of Foreign Trade and Economic Growth in China’s Guangdong and Jiangsu Provinces

In: Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024)

Author

Listed:
  • Mingjie Zheng

    (Beijing Institute of Technology, Zhuhai Campus)

  • Hangxu Zuo

    (Beijing Institute of Technology, Zhuhai Campus)

  • Shujuan Lan

    (Beijing Institute of Technology, Zhuhai Campus)

  • Erwei Wang

    (Beijing Institute of Technology, Zhuhai Campus)

Abstract

This paper takes Guangdong Province and Jiangsu Province, the two provinces with the strongest economic strength in China, as the research objects, studies the relationship and differences between foreign trade and economic growth, and explores the reasons. Using ADF test, cointegration test, Granger causality test and VAR model, we empirically analyzed the data of GDP and total imports and exports in Guangdong and Jiangsu provinces from 2009 to 2022. The results show that there is a long-term stable relationship between foreign trade and economic growth in Guangdong and Jiangsu provinces, and foreign trade is an important factor in promoting the economic growth of Guangdong and Jiangsu provinces. However, there are certain differences in the impact degree, direction and lag period of export and import trade on economic growth. The GDP and import and export data of Guangdong and Jiangsu provinces show a stable growth trend, and the GDP growth rate of Guangdong Province is slightly higher than that of Jiangsu Province.

Suggested Citation

  • Mingjie Zheng & Hangxu Zuo & Shujuan Lan & Erwei Wang, 2024. "The Empirical Analysis and Future Prospects of Foreign Trade and Economic Growth in China’s Guangdong and Jiangsu Provinces," Advances in Economics, Business and Management Research, in: Barbara Siuta-Tokarska & Adriana Grigorescu & Yifeng Zhu (ed.), Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024), pages 46-54, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-542-3_7
    DOI: 10.2991/978-94-6463-542-3_7
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