Empirical Study On The Relationship Between Foreign Trade And Economic Growth In Hebei Province

For a long time, many economists have paid more attention to the relationship between foreign trade and economic growth. With the continuous development of economic globalization, whether foreign trade improves economic growth, many people do not know the answer and domestic research present a phenomenon, the most research content is the majority, followed by a trade product or a trade ways. So this article will integrate the three to study foreign trade in Hebei province to promote economic growth and how to promote economic growth. How to better use foreign trade to drive the economy to realize big trade to strong trade province, accelerated industrialization process, people’s income and the entire income of the Beijing-Tianjin-Hebei economic zone and it,s sustainable development has a very important significance.Firstly, the paper defines the related concepts and theories, analyzes the foreign trade to boost growth mechanism from the two aspects of import and export. Then, there will be an analysis of the total foreign trade, foreign trade structure and foreign trade mode in Hebei province of foreign trade and economic growth on the current situation of comprehensive analysis, found that between 1996-2011the total foreign trade has made rapid development.The commodity structure to processing is given priority to and get preliminary upgrade; electrical and mechanical equipment, high and new technical products weight increased, but the additional value lower traditional industries such as textiles, clothing, leather products and plastic products is still many processing trade enterprise business scope. In trade way, the general trade occupies a major position; with the processing trade occupies a minor position.Then, the article applies HP filtering, after unit root test, granger causality test, cointegration test, contribution, and pull degree of constructing model methods respectively to the total amount of foreign trade and economy .In the Hebei province, empirical study found that between 1996-2011 year, total import and export volume, agricultural products, and the general trade exports into exports and GDP coherence and synergy are all very conceitedness, every 1% increase will respectively bring LNGDP increase by 0.57%, 0.04%, 0.79%, minus 0.22%, 0.38% and 0.08%, and their contribution to the two GDP targets arithmetic average and pull are not too much.At last ,the article based on the suggestion of foreign trade and economic growth in Hebei province of empirical analysis, puts some advisee in order to strengthen the foreign trade and pull GDP in Hebei province .For example ,Hebei province should chang from the quantity expansion to quality expansion, Raw material type products exported to the deep processing products exported, listed in exported to the brand, fixed export market to diversify export market shift, and optimize the import commodity structure, strengthen efforts to attract foreign investment.