| International trade includes export and import. Because of the apparent effect of the export such as driving investment from domestic and abroad, decreasing unemployment, and increasing the foreign exchange reserve, people pay more attention to the export than the import when it comes to the function of promoting economic growth of a country, which in fact is unfair to export. In a long run, the main causes for economic growth are the increased supply of factor endowment and the improvement of TFP (Total Fact Productivity), which are connected with import closely. Since 2001 China has entered WTO, the import of China has been increasing rapidly as the tariff being dropped and no-tariff Barrier being reduced. We can't neglect the affection of the import to the economic growth as before. How and how much does the import affect the economic? What can we do in order to utilize the positive effect of import to economic growth? So it's meaningful to analyze correlation between the import and economic growth of China, which is why I choose this topic.This paper includes six chapters: the first chapter introduced background of the study, general method used in the paper and the construction of the paper, then development of theory of the relationship between the import and economic growth; the second chapter analyzed the conduction mechanism through which import affect economics, then states a theory model of the paper; the third chapter compared the difference of import before and after China entrance of WTO; the forth chapter studied further about the correlation between the import and economics of China; the fifth chapter did empirical work of the paper and analysized results; and last one made some suggestion to the import policy of China.The conclusions of the paper include:1. There exit. cointegrations between import and GDP, the growth rate of the import and GDP.2. In some aspects such as the structure of the trade commodity, low correlation between the capital/technology-intensive trade commodity and GDP, we still have much to do in our import policymaking decision. |
