Empirical Study Of Shandong Province’s Commodity Structure Of Foreign Trade And Industrial Structure

With the deepening process of the development of economic globalization, theeconomic ties between the countries of the world continue to strengthen. As an openeconomy, it’s necessary to participate in the international division of labor deeply andwidely. It’s essential for the healthy and orderly development of the economy of acountry or region to deal with the relationship between the structure of foreign trade andindustrial structure well. At the same time, the researches on the structure of foreign tradeand industrial structures are the hot areas in the Department of International Trade andIndustry Economics. Therefore, taking Shandong Province for example has importanttheoretical significance and relevance of practical significance.Firstly, this passage sorted out the theory of industrial structure and the structure offoreign trade, and even the mechanism between the two factors. The paper described thehistorical evolution of the structure of foreign trade and the industrial structure inShandong Province. Then the paper conducted the unempirical analysis of therelationship between the two on the basis of the theory, and finally drew a conclusion,made relevant recommendations.The main content of this paper includes the following sections:Chapter1, this part elaborated the background and significance of the writing andreviewed the relevant literatures. Then, on this basis, the paper proposed innovation：toexplore the proper combination of internal and external economic in Shandong Province.Chapter2, this part combed the foreign trade structure in the international tradetheory and the evolution of industrial theory, and explored the mechanism of theinteraction between the two. Draw: the two has interactions which are impacted bygovernment policies on each other.Chapter3, this part analyzed the development of the structure of foreign trade andthe industrial structure. Draw: the structure of foreign trade in Shandong Province hasbeen greatly improved, especially in the export structure, but there is still a large space todevelop. The industrial structure has been completed, the gradual rationalizationescalated from “123” to “231”. These provided a realistic basis for the empirical analysis in the next.Chapter4, Firstly, this part analyzed the relation between foreign trade structurechanges and changes in the industrial structure by cointegration analysis, Grangercausality test and VAR model. Draw: changes in the industrial structure does Grangercause changes of the export, import structure changes does Granger cause industrialstructure; changes in the export does Granger cause changes of the industrial structure,industrial structure changes does not Granger cause import structure.Then this partanalyzed the impact of the industrial structure on the foreign trade structure factors, andthe impact of the factors of the foreign trade structure on industry structure by multipleregression model, which analyzed internal factors on the other side.Chapter5, this section summarized the recommendations from the role ofgovernment, foreign trade structure, and industrial structure angle. Drawn: Taking theworld economic situation into consideration, the part suggested that the governmentshould play its role to increase the funding of science and technology, adjust the foreigntrade structure timely, and upgrade the interaction between the two..