An Empirical Research On The Cooperation Development Of Regional Trade And Investment

Since China's reform and opening, as the forefront of the trade and foreigninvestment, the Yangtze River Delta(YRD for short)has made the great achievements. But at the same time, the inequality divergence of the trade and investment has appeared. The inter-provincial and inter-city differences in trade and investment are significant,and has been seriously affected the process of economic integration in Yangtze River Delta region. Therefore, reviewing the YRD trade and investment development experience and characteristics, and coordinating the inter-regional trade and investment strategies is very importmant to hightening the global competition and trade investment level.This paper tries to use empirical ways to analysis the probem about the regional trade and investment coordinate development in YRD.First,based on the reviewing the regionl coordinate development theorys, we analysis the characters about the total quantity of international trade, the export commodity structure, the export participants, the export market, and the quantity of FDI in YRD. Then we establish the indexs to analysis the trade and investment development,and use the PCA model to test the YRD regional trade and investment coordinate development. This analysis suggests YRD trade and investment development level is improved, and the coordination level in YRD become relatively low, but its performance is unstable. And based on the economic convergence model, we use the 25 cities panel data to test the stochastic convergence and condition convergence of YRD. We find that trade and investment can make positive contribution to the reduce the regional economic inequalities of YRD. At last we make some suggestions such as regional industry coordinate division, regional government coordinate cooperation, advancing regional infrastructure integration, strengthen regional corporation integration. The paper has six charters, the main content are as follows:The first three chapters of this paper illustrate the research background and theoretical principles, including introductions, literature reviews and basic theories. The part from chapter 4 to chapter 6 is the core of this paper which quantitatively and empirically elaborates regional trade and investment coordinative development situations of the Yangtze River Delta. Chapter 7 is policy recommendations. They are put forward specifically from the positions of industry, market, enterprises and government, dedicating to coordinate regional trade and investment development.We use the Principal Evaluation Method to analyze the development situations of trade and investment in the Yangtze River Delta regions—Jiangsu, Zhejiang and Shanghai. Establishing a Coordinative Development Degree of regional trade and investment is the core and highlight of this paper. We use the data from 25 cities of the Yangtze River Delta regions to investigate their stochastic convergence and conditional convergence phenomenon. And try to find the relations between regional trade and investment and regional economic disparity, which is the biggest difficulty of this paper.